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Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-14 | Market Insight

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

Gold hold steady near record highs as oil slips, with markets focusing on upcoming US CPI data and retail sales figures, which could influence the Fed’s rate

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-13 | Market Insight

Gold Rises as Oil Prices Surge Amid Global Supply Fears

Gold surged over $40 driven by safe-haven demand and anticipation of US inflation data, while oil jumped more than 3% amid escalating Middle East tensions

US Stocks Rally: S&P 500 Posts Largest Gain Since 2022

2024-08-09 | Global Stock Markets

US Stocks Rally: S&P 500 Posts Largest Gain Since 2022

US stocks rallied, with the S&P 500 posting its largest single-day gain since 2022. Positive economic data eased recession fears, boosting investor confidence.

Gold and Oil Prices Surge on Strong US Jobless Data

2024-08-09 | Market Insight

Gold and Oil Prices Surge on Strong US Jobless Data

Gold and oil prices surged over 1% as strong US jobless claims data and heightened Middle East tensions fueled market optimism, reversing recent declines

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2024-08-08 | Global Stock Markets

US Stocks Slip; Nvidia and Tesla Suffer Big Losses

US stocks closed lower as major indices couldn’t maintain Tuesday’s rally. Nvidia plunged 5%, leading tech stocks downward.

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-08 | Market Insight

Gold Retreats on Strong Dollar; Oil Soars 3%

Amid a strong dollar and rising bond yields, gold prices faced resistance. A larger-than-expected drawdown in US oil inventories boosts oil prices by 3%

US Stocks Rally: S&P 500 Posts Largest Gain Since 2022

2024-08-07 | Global Stock Markets

US Stocks Recover as Nasdaq, S&P 500 Hit Record Highs

US stocks rebounded with the Nasdaq and S&P 500 both gaining over 1%. Tech stocks led the rally, boosted by strong performances from Nvidia and Meta

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-07 | Market Insight

Gold Dips as Dollar Strengthens; Oil Prices Down

Gold prices drop below $2,400 as stronger dollar and easing recession fears pressure the market. Oil prices continue to weaken amid EIA’s lowered price forecast

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-06 | Market Insight

Gold and Oil Slide as US Recession Fears Mount

Gold prices fell over 1% and oil prices dropped amid increasing concerns about a US recession. Global stock market declines and weak economic data added to

Gold Stable, Oil Retreats as Market Focus Shifts to US CPI

2024-08-01 | Market Insight

Gold Hits Two-Month High, Oil Rebounds 5%

Gold prices surged as Fed Powell hinted at a potential rate cut in September. Oil prices rebounded nearly 5% on geopolitical concerns.