Gold prices fell sharply on Monday, the first trading day of the week. This drop came as market concerns over the Middle East eased. Additionally, gold demand in China dropped due to high prices. From January to September, China’s gold consumption decreased by 11.18%. The reduced interest in
Oil prices dropped over 4% on Monday. Israel conducted "limited" strikes on Iran over the weekend. Analysts believe these strikes are unlikely to affect oil supplies.
Gold prices decreased on Monday. The U.S. dollar remained strong. Investors are waiting for U.S. economic data. This data could give clues about the Federal Reserve's future monetary policy.
Alibaba is settling a class-action lawsuit for $433.5 million. The lawsuit was filed by investors in the U.S. who accused Alibaba of unfair business practices. The settlement was announced on Friday and needs approval from a federal judge. The lawsuit started in 2020, claiming Alibaba misled investors about
Citigroup lowered its forecast for Brent crude oil prices for Q4. The new average price is expected to be $70 per barrel, down from $74. This change is due to a decrease in geopolitical risk in the Middle East. Analysts believe recent military actions in Israel are not likely to
European Central Bank (ECB) President Christine Lagarde stated that inflation in the eurozone is decreasing as expected. The ECB is satisfied with the progress on lowering inflation. Lagarde mentioned that economic growth risks are leaning downward, hinting at possible challenges for the European economy. She emphasized the ECB’s cautious
Unemployment Claims: Dropped to 227,000, below the expected 243,000. Labor Market Sign: Indicates potential strength in the labor market. Four-Week Average: Increased to 238,500 from 236,500. Gold Prices: Maintained gains following the report; rise linked to decline in US dollar index.
Current Price: Trading at USD 2.37 per million BTUs, down 1.37%. Previous Low: Also traded at USD 2.37 earlier. Support Level: USD 2.210 Resistance Level: USD 2.442
Putin called for an alternative international payment system to reduce reliance on the US dollar. Aims to prevent the US from using the dollar as a political weapon. 95% of trade between Russia and China is conducted in local currencies (ruble and yuan).
Oil Prices Rise Over 1% Oil prices increased by more than 1% on Thursday. Aiming to recover losses from the previous week.
Service price inflation is still too high and has a long way to improve. Recent economic data has been positive, but the UK’s overall growth outlook is modest. Consumer behavior is a key factor for growth prospects. UK’s economic growth is not expected to exceed 1%. Inflation data
Bitcoin (BTC) attempts to surpass $70,000 but falls below $67,000, currently trading at $67,667. Bitcoin down 1.5% in the past 24 hours. Ethereum (ETH) down nearly 2.6%. Litecoin (LTC), Polkadot (DOT), and Internet Protocol (ICP) tokens declined between 4% and 5%. Solana (SOL) rose 2.