Gold Holds Near Record High Ahead of US Jobs Data • Third Weekly Gain: Gold is on track for a third straight weekly increase, trading around $3,542 per ounce after hitting a record $3,578 earlier this week.• Jobs Report in Focus: Markets are awaiting Friday’s US payrolls report, which could confirm weakening job growth and […]
Alphabet Surge Lifts Tech, Fuels Asian Gains • Wall Street Recovery: After Alphabet’s impressive 9% rally eased concerns from its antitrust case, U.S. markets steadied. The S&P 500 gained 0.5%, while the Nasdaq rose 1%, ending a short losing streak.• Asian Markets React: Japan’s Nikkei surged 1.2%, Australia’s ASX climbed 0.6%, and South Korea’s Kospi […]
Gold Shines Brighter: Fresh Record Above $3,540 Amid Rate-Cut Bets • Gold surged to a new all-time high of 3,546.96/oz, extending a six-day rally and posting a 5% advance over the past sessions.• Expectations that the Fed may cut interest rates this month continue to fuel demand for non-yielding bullion. Friday’s US jobs report will […]
All-Time Highs: Why Investors Are Rushing to Gold • Fresh Record: Spot gold surged above $3,500/oz, marking a new all-time high before easing slightly.• Fed Rate-Cut Bets: Expectations of imminent Federal Reserve interest rate cuts are fueling the rally.• Macro Drivers: Softer US economic data, elevated geopolitical risks, and Trump’s clash with the Fed are […]
Commodities Watch: Why the Jobs Report Could Be a Game-Changer Metals:• Gold prices extended gains, supported by hopes of a Fed rate cut in September.• Much hinges on the upcoming U.S. jobs report – another weak reading would likely strengthen the case for easing.• Speculators lifted net long gold positions by 6,363 lots, reaching 148,122. […]
Nvidia’s profits are up, but the company’s future growth is uncertain and sales in China are slowing things down. US markets are waiting for the GDP and jobless data, and Japan’s trade negotiator has cancelled his trip to the US. Nvidia did really well in the second quarter of the year, making $46.7 billion, which […]
Jackson Hole Countdown: Traders Bet on a September Cut • Dollar Hovering : The U.S. dollar remained steady below a one-week high ahead of the Jackson Hole symposium.• Mixed Asian Stocks : Japan’s Nikkei slipped 0.6%, while South Korea’s KOSPI bounced 0.9%. Chinese blue chips rose 0.5%, but Hong Kong’s Hang Seng stayed flat.• Wall […]
Asia Markets Tumble as Investors Await Powell at Jackson Hole • Asian markets: Asian shares slipped, following a tech-led selloff on Wall Street.• U.S. dollar: The dollar steadied ahead of the Jackson Hole symposium this week.• Oil prices: Oil recovered as traders weighed Ukraine peace talks and potential easing of Russian crude sanctions.• Futures performance: […]
Energy, Metals, Agriculture – Key Drivers in Focus This Week Energy – Oil• Oil prices are trading lower following Trump–Zelensky talks.• Focus now shifts to a potential Zelensky–Putin meeting within two weeks — the first since the war began.• Main sticking point: Russia demands full control of Donetsk and Luhansk, which Ukraine strongly rejects.• Betting […]
Jackson Hole Watch: Three Big Issues for the Fed Chair As Fed Chair Jerome Powell prepares to speak at the annual Jackson Hole symposium, markets are watching closely. Here are the big issues on the table: Tariffs & Inflation:• Are tariffs really pushing prices higher, or are companies absorbing the costs?• CPI data shows muted […]