Gold rose on Tuesday, reaching a two-week high as the dollar and Treasury yields declined. Investors were focused on the looming Fed decision on Wednesday, where they expect the central bank to keep rates unchanged. The big question for gold traders is when the Fed will start cutting rates. When interest rates in the US Read More…
On Monday, US equities surged as investors anticipated a week packed with mega-cap earnings, economic data, and the Fed’s monetary policy meeting. All three major US stock indexes moved higher. The Nasdaq, focused on tech stocks, led with the most significant percentage gain. Meanwhile, the S&P 500 set another record closing high. Ryan Detrick, Chief Read More…
On Friday, currency futures rose slightly, with the dollar dipping as December’s inflation data showed a modest rise but indicated a downward trend. This will likely prompt the Fed to cut interest rates by mid-year. Trading slowed in the afternoon before the weekend, with investors preparing for a busy week ahead. The US will release Read More…
Interest futures (ZB) fell on Thursday after a report showed the US economy expanded faster than expected. Additionally, there were indications that inflation was easing. Investors reacted to the faster-than-expected economic growth data by bidding up prices, causing Treasury yields to fall. Charu Chanana, head of currency strategy at Saxo in Singapore, stated that US Read More…
On Wednesday, oil prices increased by approximately 1%, driven by a larger-than-expected decline in US crude inventories. Other factors that supported the rally include a decline in US crude output, Chinese economic stimulus, geopolitical tensions, and a weakening dollar. China’s central bank plans to reduce the reserve requirements for banks starting from February 5, aiming Read More…
On Tuesday, gold prices rose slightly as investors awaited a series of US economic data releases this week. The data is expected to provide insights into the Federal Reserve’s plans for interest rate cuts. Daniel Pavilonis, senior market strategist at RJO Futures, commented that the gold market is hovering just above the $2,000 mark, with Read More…
