Gold prices edged higher on Wednesday, hovering near record levels as the U.S. moved closer to a government shutdown, bolstering safe-haven demand, while weak U.S. labor data reinforced expectations of further Federal Reserve rate cuts. FUNDAMENTALS * Spot gold was up 0.2% at $3,861.22 per ounce, as of 0030 GMT. Bullion logged about 12% rise … Read more
Asian equities looked set to follow Wall Street lower Tuesday as investors were on edge that a looming key US inflation report may derail the pace of Federal Reserve rate cuts. Stock futures in Japan, Hong Kong and Australia all slipped, while contracts for Chinese shares bucked the trend with the Nasdaq Golden Dragon China … Read more
“Obviously, the markets are beginning to realise that every time Trump blinks or changes his mind, it just adds another big question mark. As for today’s market, I don’t think this move will have much impact. The major focus will be on the inflation data,” says Peter Cardillo, Spartan Capital Securities. What do you make … Read more
Stocks dived in early Asian trade on Friday, led by a selloff in U.S. futures, while oil prices jumped after Israel conducted a military strike on Iran, sending investors scurrying to safe havens such as gold and the Swiss franc. The Israeli attack raises the risk of a fresh escalation in tensions in the Middle … Read more
Asian equities followed Wall Street higher in a sign the stock market rally has further to run. Treasuries advanced on Thursday as traders priced in two Federal Reserve rate cuts this year. Shares in South Korea and Australia climbed early Friday, while Japan’s were mixed. US futures inched higher after the S&P 500 rose 0.4% … Read more