Price Trends In 2024, the average price of Brent crude oil was around $82 per barrel, which is similar to the average in 2023. West Texas Intermediate (WTI) has also seen a comparable average, with current prices around $79 per barrel. Notably, prices have experienced short-term peaks and declines, with Brent crude hitting a high Read More…
Gold prices pulled back slightly on Wednesday as Fed policymakers pushed back rate cut expectations. However, prices remained near the highs hit in the previous session due to increased demand and optimism about easing US inflation. Fed policymakers have warned against the rising confidence that US inflation is back on a downtrend. Most of them Read More…
Equities ended higher on Monday, with the Nasdaq reaching a new record high as investors waited for Nvidia’s earnings report. At the same time, optimism amid signs of cooling inflation in the US increased rate cut expectations. However, policymakers put a lid on gains with hawkish statements, which weighed on the S&P 500 and the Read More…
Currency futures rose on Friday as the dollar fell amid rate cut speculation after the US consumer inflation report. However, policymakers maintained a slightly hawkish tone, putting a floor on further declines in the dollar. Dollar index (Source: Bloomberg) Last week, the US released several economic reports that led to an increase in Fed rate Read More…
Gold futures have experienced significant volatility in 2024, driven by economic and geopolitical factors. After closing 2023 at $2,135.39 per ounce, gold prices have continued to rise, reaching new highs. As of mid-May 2024, gold futures were trading around $2,316 to $2,322 per ounce, with fluctuations influenced by the strength of the U.S. dollar and Read More…
Interest futures fell on Thursday after reaching new highs due to increased Fed rate cut expectations. The pullback came amid inflation worries after new economic data from the US. Still, interest futures are heading for a bullish week with increased rate-cut optimism. On Thursday, the US released data showing a bigger-than-expected 0.9% increase in import Read More…
