In the idle markets, XAU/USD remains protective at $1,800
In the idle markets, XAU/USD remains protective at $1,800 As global markets battle for clear directions to extend the previous optimism, gold (XAU/USD) prices drop from intraday highs, being range-bound near $1,813-18. During a sluggish Asian session on Wednesday, the precious metal maintained its previous day’s fall from the 200-DMA. The current Fed speak is
Read moreOil prices starting to fall as EU tries for Russia import ban
Oil prices starting to fall as EU tries for Russia import ban Oil prices fell in early Asian trade on Tuesday as the European Union’s efforts to establish a ban on Russian oil imports, which would reduce global supply, were met with opposition from Hungary. At 0004 GMT, Brent crude prices were down 35 cents,
Read moreGold is rising from three-month lows as bond rates in the United States fall
Gold is rising from three-month lows as bond rates in the United States fall Lower U.S. Treasury rates maintained demand for zero-yield metal afloat above the important psychological support level of roughly $1,800 per ounce on Monday, lifting gold from a more than three-month low reached the previous session. As of 0227 GMT, spot gold
Read moreAs oil stocks rise, Wall Street is turning away from big tech
As oil stocks rise, Wall Street is turning away from big tech On Wall Street, big tech stocks were all the rage, with speculators buying them up to absurdly high levels. For example, the legendary quintuple of Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet) took up about a fifth of the S&P
Read moreGold drops as investors consider US Inflation data
Gold drops as investors consider US Inflation data In Asia on Thursday morning, gold was down. Investors are analyzing the US consumer price index (CPI), which showed that inflation is still strong but has peaked in April, alleviating fears about the Federal Reserve raising interest rates more aggressively. By 11:12 p.m. ET, gold futures had
Read more
Latest Market Analysis
and Forex News
Gold Price Consolidates as Traders Await FOMC Decision
Australian Dollar Weakens as US Dollar Recovers Ahead of Key Retail Sales Data
US Yields Boost Dollar, Weaken Yen
Gadgets Giveaway