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Century Financial

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Oil Tops $100 as Middle East Tensions Fuel Inflation and Gold Faces Fed Risks – Comments from Century Financial

Gold & Silver Gold is trading near $4,395 (+0.9%) after recovering from a three-day decline, with a weaker US dollar providing some support to bullion. The dollar has come under pressure as the Japanese yen strengthened on expectations of further Bank of Japan tightening, improving the appeal of dollar-denominated gold. However, the broader environment remains […]
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Gold Eyes $4,700, Oil Nears $90 as Iran Risks and Jackson Hole Drive Markets – Comments from Century Financial

Crude Oil WTI crude oil ended the previous session 2.15% lower and is currently trading at $85.02, down 0.82% in today’s session. Prices are currently testing the 9-day EMA, making it a key near-term level for intraday momentum. The recent weakness comes despite a supportive geopolitical backdrop. The U.S. has announced broader sanctions aimed at […]
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Wall Street Faces Key Test as Nvidia, Jackson Hole and Rising Oil Take Centre Stage – Comments from Century Financial

Crude Oil WTI crude gained 6.25% last week and is currently trading at $86.11, down 1.65% in early Monday trading. While prices are lower today following increased tanker activity through the Strait of Hormuz, the broader fundamental backdrop remains supportive. Around 40 tankers moved through the Strait on Friday night, carrying nearly 16 million barrels, […]
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Gold Gains on Fed Easing Bets While Hormuz Risks Keep Oil Elevated – Comments from Century Financial

Gold & Silver Gold is trading 0.55% higher at $4,401 per ounce this morning, rebounding after Thursday’s 1.3% decline as weaker-than-expected US retail sales reinforced expectations for a more accommodative Federal Reserve. Softer economic data has pushed Treasury yields lower and weighed on the dollar, strengthening the macro backdrop for non-yielding assets such as