The yellow metal is trading more than 1% higher at the start of European trading today, Monday, October 13, the opening session of the week, hitting a new record high of $4,070 per ounce. This is supported by trade tensions with the return of tariffs and increased demand for safe havens, in addition to rising expectations of a US interest...
Data released recently from the Canadian economy showed employment rose by 60,000 jobs in September after a loss of nearly 65,000 in August, better than expectations of an increase of about 3,000 jobs. Meanwhile, the unemployment rate remained at August levels of 7.1%, compared to expectations of a 7.2% increase. Employment increased across several sectors, led by manufacturing, which added...
After three sessions of gains, crude oil prices stabilized with some declines in mid-European trading on Thursday, October 9, amid calmer geopolitical conditions after US President Donald Trump announced progress in negotiations between the Palestinian and Israeli sides to end the two-year-old war. High inventory figures also negatively impacted oil prices, with US crude (NYMEX) falling by about 0.37% to...
Asian markets closed with gains at the end of trading on Thursday, October 9, as Chinese markets rose to their highest levels since 2022 in the first trading session after eight days of celebrations marking the anniversary of the National Day and the founding of New China. Japanese indices also reached record highs, supported by the performance of the technology...
Gold is trading at a gain of more than 1% in mid-European trading today, Wednesday, October 8, recording a new record high of $4,040 per ounce, supported by rising expectations of a US interest rate cut and increased demand for safe havens amid the ongoing US government shutdown. Gold's gains exceed 54% since the beginning of the year, with the...
The Reserve Bank of New Zealand's (RBNZ) Monetary Policy Committee (MPC) voted to cut the official cash rate (OCR) by 50 basis points to 2.5% at its meeting this morning, Wednesday, October 8. Expectations were for a cut of only 25 basis points, marking the second consecutive meeting, after resuming the series of cuts that had been paused at the...
Cryptocurrencies are trading higher in mid-trading on Tuesday, October 7, stabilizing at their highest levels since Monday, the start of the week. Bitcoin hit a new record high of $126,000, benefiting from market uncertainty, a rise in safe-haven assets, and continued institutional inflows into Bitcoin funds. Cryptocurrencies, and Bitcoin in particular, are benefiting from political uncertainty resulting from the ongoing...
Gold is trading at a gain of more than 1% in mid-European trading today, Monday, October 6, the opening session of the week, hitting a new record high of $3,940 per ounce. This is supported by rising expectations of a US interest rate cut and increased demand for safe havens as the US government shutdown continues. Gold's gains exceed 50%...
Crude oil prices rose more than 1% at the start of trading in the European session today, Monday, October 6, the opening session of the week, after OPEC+ decided to increase production less than expected over the weekend. This supported crude oil markets, with Brent crude rising by about 1.21%, trading at $65.31 per barrel, while US crude (NYMEX) is...
Crude oil prices have fallen for the fourth consecutive session since the beginning of the week, trading at their lowest levels in four months at the start of US trading today, Thursday, October 2, amid rising expectations of a further increase in OPEC production and disregard for the possibility of tightening sanctions on Russian crude. US crude (NYMEX) fell...