The U.S. dollar has paused its recent fall, and recovered 0.30% yesterday. As investors lightened their short positions to book profits ahead of the all-important U.S. non-farm payrolls report on Friday. The jobs data supported the view that the Federal Reserve may not need to raise rates much further. Which
The U.S. dollar witnessed a smart recovery yesterday, which paused bullion’s recent upside momentum. Greenback recovered from two-month lows hit the previous session, as investors lightened their short positions to book profits ahead of the all-important U.S. non-farm payrolls report on Friday. In late morning trading, the dollar index rose
Gold prices made a historical high yesterday. Prices jumped more than 1.50%. As more signs of slowing economic growth fed into safe haven demand for the yellow metal. Yellow metals rose abruptly, as after the U.S. dollar tumbled to a two-month low. Currency dropped towards day’s low 101.459 after weak
Precious metals had a speculative trade yesterday. Where, yellow metal made a new high and Silver witnessed its biggest single day gain after 17 March 2023. Both metals rise abruptly, as after U.S. dollar tumbled to a two-month low. Currency dropped towards day’s low 101.459 after another round of weak
Crude oil prices witnessed a speculative jump yesterday. Prices jumped by 6.66%. Headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Oil prices rose abruptly after OPEC+ plans to cut more production jolted markets the previous day. With investors’
Crude oil prices witnessed a speculative upside move yesterday. It jumped 6.66%, headed for its biggest daily rise in nearly a year after OPEC+ jolted markets with plans to cut more production. Brent crude was up 7.03%, at $79.73 a barrel after touching its highest since March 7 at $79.89.
This week, the US monthly jobs report will have an important trigger for the market. Further, OPEC meets and central banks in Australia and New Zealand are to deliver their latest interest rate decisions which also hold some volatility. Last week, Bullion prices extended its recent gain. Gold rose by
Crude oil continued its rally for the second consecutive week. It gained more than 8%, the biggest weekly gain since 6 February 2023. Oil price sparked sharply supported by lower U.S. crude stockpiles and a halt to exports from Iraq’s Kurdistan region. Oil prices rebounded from the weekly low after
Gold prices sparked for the third consecutive day yesterday. Prices jumped by 0.64%, and settled above 59300. Fed rate policy speculation, falling dollar and jitters of a potential banking crisis put the yellow metal on course for a sharp rise this month. Gold prices shot up through March as fears
Yellow and White metals extended their recent gain for the third consecutive day yesterday. Gold and silver sparked to the day’s high as the dollar slipped to a 1-week low against the euro. Greenback weakened as German inflation data helped lift the common currency and as concerns over the banking
