Yellow metal prices stabilized mid-day trading on Wednesday, June 18, amidst a stable US dollar and anticipation of the US Federal Reserve meeting this evening. Markets continue to monitor developments and tensions in the Middle East and the Israeli-Iranian conflict. Gold is trading down approximately 0.19% at $3,381 per ounce, while silver is trading at $37.12 per ounce, down 0.35%....
The Consumer Price Index (CPI), a measure of UK inflation, rose to 3.4% year-on-year in May, according to data released by the Office for National Statistics (ONS) this morning, Wednesday, June 18. This figure follows an 18-month high of 3.5% in April, matching market expectations. On a monthly basis, the CPI rose 0.2% in May, compared to a 0.3% increase...
Data released just moments ago from the US Census Bureau showed a decline in US retail sales in May, worse than market expectations. Sales fell to $715.4 billion, down 0.9% from a 0.1% gain in March, before being revised down to a -0.1% decline (expected -0.5%). They rose 3.3% year-over-year from 5.2% in April. Core sales, excluding autos, fell 0.3%...
The German ZEW Business Confidence Index continued to improve and rise in the June survey, rising by 22.3 points to 47.5, better than the expected 34.8. The June rise came despite a 10-point increase in the assessment of the current economic situation in Germany, the strongest increase since April 2023. In contrast, the eurozone index rose by 23.7 points to...
The Bank of Japan decided at its meeting that concluded this morning, Tuesday, June 17, to keep monetary policy and interest rates unchanged. Members voted unanimously to maintain interest rates at 0.50%, as expected, for the third consecutive meeting. They also decided to slow the pace of bond purchases starting in April of next year. The bank decided to reduce...
After gains exceeding 4% at the start of weekly trading in the Asian session today, Monday, June 16, crude oil prices recorded declines in the middle of the European session, erasing all of their daily gains as investors assessed the ongoing conflict and the attack between Iran and Israel, which has become the primary driver of oil markets. US crude...
Asian markets closed higher on Monday, June 16, the opening session of the week, ignoring geopolitical tensions in the Middle East. Expectations that no other parties will enter the ongoing conflict between Israel and Iran are rising, along with optimism that the conflict can be contained. Positive Chinese numbers supported Chinese indices, with expectations for the Bank of Japan's monetary...
The three major US stock indices recorded declines at the opening of trading today, Friday, June 13, the closing session of the week, affected by a decline in risk appetite in the markets and rising fears of an escalation of the conflict in the Middle East, while demand for safe-haven assets increased. Israel launched an airstrike on Iran in the...
Gold and oil prices have been recording strong gains since the start of trading on Friday, while global stocks declined following the Israeli attack on Iran and rising market fears of an escalation in the Middle East conflict. This has led to a decline in risk appetite in markets and a rise in demand for safe-haven assets and currencies, in...
Asian markets closed the trading session on Friday, June 13, the closing session of the week. Japan's Nikkei index fell by more than 300 points, as risk appetite in the markets declined, demand for safe-haven assets increased, and bond yields fell following the major escalation in the Middle East after Israel launched an attack on Iran. Israel launched an airstrike...