Gold Prices Steady Amid US Dollar Strength and Geopolitical Tensions The gold price continues to rally above all-time highs as bulls take firm control. The gold strength comes despite a strong Dollar but what is driving this price action? On one side, Asian markets have been declining, influenced by the possibility that the FED is Read More…
The S&P 500 experienced a sell-off towards the end of last week’s trading session, largely due to concerns over imminent Iranian retaliation against Israel. However, over the weekend, Iran launched an operation against Israel, but most of the attacks were intercepted without any casualties. Following this, Iran concluded the operation, and the US informed Israel Read More…
The March CPI data has delivered a significant boost to the US dollar, effectively wiping out expectations of a June rate cut by the Fed. This development will prove frustrating for the central bank, though the strong economic growth provides them the luxury of patience. The high inflation figures have several key implications. Firstly, they Read More…
In the global markets, a cautious stance prevails as investors await the release of the U.S. consumer price inflation data for March. This anticipation follows a strong U.S. jobs report last Friday that exceeded expectations, fueling speculation about the Federal Reserve’s interest rate plans. Based on the inflation numbers, today’s news could send RTY higher. Read More…
Crude oil futures traded higher on Tuesday morning as ongoing geopolitical tensions in West Asia continued to impact the market. Brent oil futures were up 0.29% to $90.64, while May West Texas Intermediate crude futures gained 0.21% to $86.61. Tensions in the Middle East drove the surge in crude prices. The much-anticipated peace talks between Read More…
S&P 500 Futures Rise Amid Fed Rate Cut Speculation Investor concerns over prolonged higher interest rates weighed on the S&P 500 last week. Federal Reserve Chair Jerome Powell emphasized the need for concrete evidence of inflation nearing the 2% target before considering rate adjustments. This cautious stance has led to a downward revision in market Read More…
