Gold prices gained about 1.6% on Wednesday in the aftermath of the Federal Reserve rate decision and Chair Jerome Powell’s press conference. The takeaway from the Fed was that Mr Powell stressed that at this time, policymakers did not see the case for rate cuts this year. The latter is something that markets have been...Read More

Gold prices sank almost 2% on Tuesday, marking the worst single-day performance since February 3rd. The anti-fiat yellow metal struggled amidst a 4.7% increase in the 2-year Treasury yield as the S&P 500 pushed higher. The US benchmark stock index is up about 2.3% this week so far. If equities hold onto their gains, we...Read More

Gold made a one-year high just shy of US$ 2,010 an ounce overnight as markets continue to digest the impacts of the Credit Suisse – UBS deal and broader concerns for banks with weak balance sheets. The Wall Street cash session saw large-cap banks make notable gains while First Republic Bank collapsed again. The price...Read More

Global market volatility was on edge this past week as financial-related stocks disproportionately suffered. On Wall Street, the Dow Jones fell -0.15%, but the tech-heavy Nasdaq soared 4.41%. Across the Atlantic, the DAX 40 and FTSE 100 sank -4.28% and -5.33%, respectively. This is as Japan’s Nikkei 225 fell -2.88% while Hong Kong’s Hang Seng...Read More

After a modest pullback on Thursday, gold prices (XAUUSD) resumed their advance on Friday, rallying more than 2% to ~$1,965 and heading for their best week since November of last year, boosted by falling U.S. Treasury yields and stronger safe-haven demand. While sentiment seemed to be on the mend following news that 11 large U.S....Read More

WTI crude oil prices traded relatively flat over the past 24 hours in an overall volatile trading session. On the one hand, reports crossed the wires that First Republic Bank was poised to receive emergency aid to the tune of 30 billion from major lenders. But, because of cooling woes in the financial sector, Treasury...Read More

Crude oil sunk to a 3-month low overnight after headline US inflation hit forecasts, coming in at 6.0% year-on-year and 0.4% month-on-month. Monthly core CPI was a slight beat at 0.5% instead of the 0.4% anticipated but the annual number was in line at 5.5%. The market appears to have backtracked toward a 25 basis...Read More

WTI crude oil prices fell 2.55% on Monday as market volatility remained elevated in the fallout of last week’s collapse of Silicon Valley Bank. Since last Wednesday, the commodity is down about 3.3%. Sentiment-linked crude oil was and may continue to remain vulnerable in the coming days/weeks/months as traders assess the likelihood of the United...Read More

The US Dollar is under the pump to start the week as uncertainty from the fallout of the collapse of Silicon Valley Bank (SVB) permeates markets. Signature Bank also fell into receivership over the weekend, but the Federal Reserve and the US Treasury Department have moved swiftly to provide a backstop to minimise contagion. Nonetheless,...Read More

Immediately after the NFP report crossed the wires, the U.S. dollar, as measured by the DXY index, extended its decline, as Treasury yields deepened their session slump and expectations for the Fed’s terminal rate drifted lower. The reaction is a bit counterintuitive as employment growth remained extremely strong last month, but it is possible that...Read More