Gold prices collapsed on Tuesday, weighed by a stronger dollar after upbeat US sales data. At the same time, investors preferred the safe-haven dollar amid uncertainty regarding a deal between the US and Iran to end the war. US sales (Source: US Department of Commerce) Data on Tuesday revealed that retail sales in the US Read More…
Equities ended lower on Monday after gapping down from the previous session’s close amid a sentiment shift. Stocks had recorded a solid week as hopes for an end to the Iran war boosted risk appetite. However, uncertainty returned with the new week, pausing the rally. S&P 500 performance (Source: LSEG, Prof G Media) The two-week Read More…
Currency futures recovered slightly on Monday after collapsing in the previous session amid an escalation of Middle East tensions. On Friday, currency futures had soared after Iran declared the Strait of Hormuz was fully open. However, this changed when the US seized an Iranian cargo ship over the weekend. The dollar collapsed on Friday as Read More…
US interest futures dropped on Thursday after upbeat US jobs data sent Treasury yields higher. However, sentiment lifted on Friday morning, amid hopes of an end to the conflicts in Iran and Lebanon. US jobless claims (Source: Trading Economics) US data on Thursday showed that jobless claims fell to 207,000 the previous week. Meanwhile, economists Read More…
Oil prices dropped on Wednesday before recovering to close well above lows as traders assessed developments in the Iran war. The US’s move to block the Strait of Hormuz could increase geopolitical tensions. However, markets are not reflecting panic at the moment. Market participants remain hopeful that future talks between the US and Iran will Read More…
Gold prices closed in the green on Tuesday as renewed hopes of ceasefire talks between Iran and the US weighed on the dollar. At the same time, prices found support amid an increase in Fed rate cut expectations. Talks between the US and Iran and the subsequent ceasefire last week have propelled gold prices higher. Read More…
