Dollar

NEWS DESK

Gold Soars Amidst Geopolitical Tensions and Dollar Weakness

News Desk 1 20/11/2024 0

Gold prices surged on Monday, reversing a recent downward trend as the U.S. dollar weakened and concerns over the Russia-Ukraine conflict intensified. The precious metal, often seen as a safe-haven asset during times of economic and geopolitical uncertainty, benefited from increased investor

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Gulf Markets Slip as Oil Prices Rebound Amid Fed Rate Speculation and Dollar Strength – APM Capital Market Report

News Desk 1 14/11/2024 0

GCC market Most stock markets in the Gulf ended lower on Wednesday ahead of crucial U.S. inflation data that will offer more clarity on the pace of the Federal Reserve’s interest rate reductions. Saudi Arabia’s benchmark index declined 1%, weighed down by a 1.7% fall in aluminum products manufacturer Al Taiseer Group and a 1.9% […]

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Trump’s Win – U.S. stock futures, the dollar, and the treasury yields all rising – Noor Capital

News Desk 1 06/11/2024 0

Former President Donald Trump has declared victory in the 2024 presidential election after Fox News projected his win over Democrat Kamala Harris, marking a remarkable political comeback. Trump’s projected triumph included key battleground states—Pennsylvania, North Carolina, and Georgia—with reported leads in other decisive states, according to Edison Research. Other news

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Gold Faces Sixth Consecutive Decline Amidst Strengthening Dollar – Century Financial

News Desk 2 09/10/2024 0

Gold is trading lower for the sixth straight session on Wednesday. The greenback has rallied in recent days amidst expectations of a more moderate pace of policy easing by the Fed. The markets are now expecting 50 bps of rate cuts in 2024, down from 75 bps just two weeks ago. There is an 87% […]

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Commodities sector eyes fourth weekly gain amid softer dollar and Fed expectations – Saxo Bank MENA

News Desk 1 02/09/2024

Commodities The commodities sector is heading for its fourth consecutive weekly gain, and throughout August the sector has been supported by a combination of a softer dollar, lower Treasury yields, and expectations the US Federal Reserve will announce the first of several cuts at the 18 September FOMC meeting. Traders and analysts watching US economic […]

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Funds boost metals investment as dollar long positions halve amid weakness – Saxo Bank MENA

News Desk 1 27/08/2024

Commodities The reporting week saw global financial markets continue a strong rebound, with early August’s market turmoil now a distant memory. Instead, increased expectations for a September US rate cut helped drive stock markets sharply higher and the dollar and long-end US Treasury yields lower. Elsewhere, China, the world’s top consumer of commodities,

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Oil rises but hits lows; gold rebounds on weaker dollar  – Saxo Bank MENA

News Desk 1 26/08/2024

Commodities WTI crude oil futures rose 2.49% to $74.83 per barrel, while Brent crude futures increased 2.33% to $79.02 per barrel. Despite these gains, both benchmarks hit their lowest levels since early January due to a significant downward revision in U.S. job growth estimates. Morgan Stanley predicts a surplus in oil supply by 2025 as […]

NEWS DESK

Oil Futures Rise on U.S. Crude Inventory Drop; Gold Steady Amid Dollar Gains and Mideast Tensions – APM Capital Market Report

News Desk 1 08/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil futures rose Wednesday, finding support as data showed a fall in U.S. crude inventories and as stock markets continued their recovery from a global rout that had served to pull down commodity prices. West Texas Intermediate crude for September delivery finished with a gain of $2.03, […]