In October, Comex gold (December) surged by 3.4%, extending its winning streak to four consecutive months and reaching a record high of $2,801.80 per ounce. Meanwhile, in India, MCX gold hit an all-time high of Rs 79,775 per 10 grams, marking its third straight month of gains. This rally in gold has been driven by … Read more
Spot gold fell for six consecutive days before rising on October 10. The metal extended its rebound on October 11. The yellow metal, taking support at $2600, recovered sharply on stagflationary US data that showed higher inflation and deterioration in job market and consumer sentiments. Spot gold closed with a gain of nearly 1% at … Read more
World oil prices rallied more than 2% on Monday (October 7, 2024) as tensions escalated in the crude-rich Middle East one year after the deadly Hamas attacks on Israel. European stock markets mostly rose after more big gains in Asia as China’s stimulus boost, a strengthening U.S. economy and the outlook for interest rates in … Read more
Smoke rises in Beirut’s southern suburbs during sunset, after Israeli air strikes, amid ongoing hostilities between Hezbollah and Israeli forces, as seen from Sin El Fil, Lebanon, October 6, 2024. | Photo Credit: Reuters Israeli air attacks battered Beirut’s southern suburbs overnight and early on Sunday (October 6, 2024), the most intense bombardment of the … Read more
The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak. U.S. job gains increased in September by the most in six months, and the unemployment rate fell to 4.1%, … Read more
The benchmark S&P 500 and the Nasdaq traded near two-week lows on Wednesday as investors priced in a possible escalation in geopolitical tensions in the Middle East, while a survey allayed worries about a rapid cooldown in the U.S. labor market. Markets were wary as Israel and the U.S. vowed to strike back after Iran … Read more
Gold has done well as a core allocation for Indians who love the yellow metal but it’s time now to also add silver with the convenience of a Silver ETF. In 2024 and looking ahead, silver can play a risk-reducing, return-enhancing role in investment portfolios, deserving a portfolio allocation. The Federal Reserve’s July 31 meeting … Read more
Israeli military spokesperson Rear Admiral Daniel Hagari speaks to the media as Israel’s military displays what they say is an Iranian ballistic missile which they retrieved from the Dead Sea after Iran launched drones and missiles towards Israel, at Julis military base, in southern Israel on April 16, 2024. | Photo Credit: Reuters The United … Read more
This picture taken on July 8, 2021 shows a view of the Ain al-Assad air base hosting U.S. forces in Iraq in the western Anbar province. Rockets were launched on August 5, 2024 against the Iraqi base hosting US troops days after an American strike killed four pro-Iran Iraqi fighters, and amid fears of regional … Read more
Oil prices dropped to a near two-month low on receding tensions in the Middle East, a complex interplay of escalating supply levels, demand worries, and challenging economic indicators. The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar … Read more