Gold costs pointed higher throughout the course of recent hours, acquiring 0.87%. As we approach the finish of Spring, XAU/USD is checking out at about a 7.7% increase this month. Whenever supported, that would be the best execution since November. The counter fiat yellow acquired in spite of areas of strength for a for the...Read More

The U.S. dollar, as measured by the DXY index, gained ground Friday afternoon, up about 0.5% to 103.11 amid risk-off mood, but was on track for a 0.7% drop on the week following the recent slump in U.S. Treasury yields, which was accelerated by the Fed’s dovish hike at its March meeting. On Wednesday, the...Read More

The U.S. dollar, as measured by the DXY index, gained ground Friday afternoon, up about 0.5% to 103.11 amid risk-off mood, but was on track for a 0.7% drop on the week following the recent slump in U.S. Treasury yields, which was accelerated by the Fed’s dovish hike at its March meeting. On Wednesday, the...Read More

Gold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. In late morning trading, XAU/USD was rallying about 1% to $1,986, inching ever closer to its 2023 highs, just above the psychological $2,000 level set this...Read More

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

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