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Gold and Oil News - March 30, 2024 10:37
Gold Flying and Making New All Time Highs
During Thursday’s trading on US sessions, an extraordinary event for Gold bulls took place. A gold price was hit of $2230 per ounce, gold set a fresh all-time high. The primary underlying strength of these rapid gains is the increased anticipation of numerous interest rate reductions from the world’s foremost central banks, mainly driven by […]
Gold Prices Slip Ahead of Anticipated Economic Data
Gold prices experienced a slight dip on Monday, due to a cocktail of bearish factors, notably a slightly firmer U.S. dollar index. The relationship between gold and the dollar is historically inverse; as the dollar strengthens, gold, priced in dollars, becomes more expensive for holders of other currencies, potentially dampening demand. This unanticipated slip in […]
Oil Prices Surge From Lows Amid Mixed Global Signals
Oil prices experienced a more than 4% jump on Friday, a notable rebound from a four-month low seen just the day before. Brent crude futures, the global oil benchmark, closed up by $3.19, or roughly 4.1%, at $80.61 a barrel. Similarly, West Texas Intermediate crude (WTI), a key standard for U.S. oil, rose by $2.99, […]
U.S. Stock Indices: A Dance Between Optimism and Fear
U.S. stock indices are currently dancing on a tightrope, balancing between optimism and fear. While there are signs of growth and recovery, external factors, such as geopolitical tensions and domestic economic concerns, are acting as counterweights. Starting off with Friday’s numbers, U.S. stocks predominantly leaned towards the negative side. The S&P 500, often considered a […]
Gold Prices Dance with CPI Data and the Fed
As we all know, gold often functions as an economic barometer, reacting to various indicators like inflation, interest rates, and geopolitical stability. As of late, traders are tuned into the latest Consumer Price Index (CPI) data for August, which is adding another layer of complexity to the already erratic movement of gold prices. Investors are […]
Oil Prices Surge Amid Record Demand and Supply Tightening
The trajectory of Brent crude oil prices in recent weeks presents a compelling narrative of change and potential. The period since early July 2023 has witnessed an impressive gain of over $10 in Brent crude oil, effectively breaking free from a stagnant several-month range that had held it below $76. The remarkable ascent culminated in […]
Gold Steady As US Dollar Index Tries to Make Gains
Similar to other commodities, gold prices usually escalate when the US dollar weakens. Hence, during periods when the dollar is losing value, the likelihood of an increase in gold prices is notably high. Unfortunately, although the US Dollar index has retraced from its recent high, it has still made around 10% gains since late 2022. […]
Some Respite for Crude Oil within Bear Trend
The price of oil was experiencing an upward trend this Tuesday, bouncing back from a weak beginning to the week. The revival was driven by robust macroeconomic indicators reported in the USA, combined with a hope on debt-ceiling discussions. Moreover, a cautionary message from the Saudi energy minister to investors has also added fuel to […]
Oil Prices Gain Some Ground Due to Iraqi / Kurdistan Stand Off
On Tuesday, crude oil prices increased slightly, continuing their significant gains from the prior day due to the risk of supply disruptions from Iraqi Kurdistan and optimism that the uncertainty in the banking sector has reduced. The arguments escalated last week, causing the Iraqi government to halt oil exports from Kurdistan to Turkey. This action […]
Surge In Gold Prices Back to 2022 Highs
The recent move by the U.S. Federal Reserve to raise rates by 25 basis points suggests that it may have reached the peak of its rate hike cycle, thereby causing a surge in the price of gold around the globe. This is partly because it makes the precious metal a more attractive investment option for […]
Most Popular Content
- Gold Flying and Making New All Time Highs
- Gold Prices Slip Ahead of Anticipated Economic Data
- Oil Prices Surge From Lows Amid Mixed Global Signals
- U.S. Stock Indices: A Dance Between Optimism and Fear
- Gold Prices Dance with CPI Data and the Fed
- Oil Prices Surge Amid Record Demand and Supply Tightening
- Gold Steady As US Dollar Index Tries to Make Gains
- Some Respite for Crude Oil within Bear Trend