Stocks Category

Gold Prices Edge Lower Amid Stronger USD; FOMC Decision in Focus Gold prices (XAU/USD) trade with a bearish tone during the European session on Tuesday, slipping closer to the one-week low reached on Monday. The strength of the US Dollar (USD), supported by elevated US Treasury yields, weighs on the non-yielding precious metal. Additionally, the

Supermicro Stock Skyrockets 29% After Investigation Clears Fraud Allegations Super Micro Computer (NASDAQ: SMCI), popularly known as Supermicro, saw its stock price soar by 29% on Monday, closing around $42 per share. This significant jump follows the conclusion of a governance investigation that found no evidence of fraud or misconduct, boosting investor confidence. Investigation Findings:

Asian Stocks Drop Amid Geopolitical Tensions; Nikkei Slides on Strong Inflation Data Asian equities fell on Friday as geopolitical concerns and strong economic data from Japan weighed on sentiment. The escalation of the Russia-Ukraine conflict further dampened risk appetite, while China’s tech sector provided a rare bright spot amid easing regulatory fears. Key Market Highlights

WTI Steadies Near $69.00 Amid Mixed Signals from Geopolitical Risks and US Crude Inventory Build West Texas Intermediate (WTI), the US benchmark for crude oil, is trading near $68.95 during Thursday’s session, maintaining a steady stance amid conflicting market drivers. A modest build in US crude inventories and weak Chinese demand weigh on prices, while

Gold Prices Remain Under Pressure as Stronger USD Weighs Ahead of Fed Decision Gold (XAU/USD) continues to trade lower for the second consecutive session on Thursday, impacted by a stronger U.S. Dollar following former President Donald Trump’s victory in the recent U.S. election. The dollar-denominated precious metal is seeing diminished safe-haven appeal as market optimism