Category Archives: Daily Market Analysis
Gold Dips From $2000 Amid Central Bank Focus
Written on October 31, 2023 at 5:30 am, by lishitong
Gold prices retreated from the crucial $2000 level, pivoting attention from Middle East tensions to upcoming central bank decisions. Amidst shifting global dynamics, gold prices retreated from the crucial $2000 level, pivoting attention from Middle East tensions to upcoming central bank decisions, particularly those of the Federal Reserve and the Bank of England. The dollar,Continue Reading
Gold Prices Hit $2000 As Middle East Tension Escalates
Written on October 30, 2023 at 5:24 am, by lishitong
Amidst deepening tensions in the Middle East conflict, gold surged past its pivotal $2000 mark, propelled by the expansion of ground warfare. Amidst deepening tensions in the Middle East conflict, the market’s gaze remains fixated on evolving dynamics. Gold surged past its pivotal $2000 mark, propelled by the expansion of ground warfare. Concurrently, oil pricesContinue Reading
Dollar Steadies: Investors Await PCE Report For Market Direction
Written on October 27, 2023 at 5:14 am, by lishitong
The US Dollar experienced a relatively flat day, marked by robust GDP growth at 4.90% while Initial Jobless Claims worse-than-market expectations at 210K The US Dollar experienced a relatively flat day, marked by robust GDP growth at 4.90% while Initial Jobless Claims worse-than-market expectations at 210K. Gold markets adopted a cautious stance, with anticipation buildingContinue Reading
Yen Breaks 150 Level, Sparking Intervention Speculation
Written on October 26, 2023 at 5:13 am, by lishitong
The Japanese yen has weakened to a one-year low at 150 per dollar, raising the spectre of potential currency intervention. The Japanese yen has weakened to a one-year low at 150 per dollar, raising the spectre of potential currency intervention. Alphabet’s disappointing earnings report sent shockwaves through the US equity market, triggering a significant selloff.Continue Reading
Dollar Strengthens On Upbeat PMI Reading
Written on October 25, 2023 at 5:11 am, by lishitong
Favourable U.S. PMI data, coupled with better-than-expected Eurozone economic figures, led to the dollar rebounding above the $106 level. Amidst improving conditions in the Middle East conflict, international leaders and the United Nations advocate for Humanitarian Pauses to facilitate essential aid access for civilians. Gold prices remained stable, but oil prices faced a downturn dueContinue Reading
Dollar Plunges on Treasury Yield Surge
Written on October 24, 2023 at 5:14 am, by lishitong
The US dollar experienced a decline of over 0.5% as the US long-term bond yield touched the 5% mark. Hamas militants freed 2 hostages while Israel delayed a ground attack and provided relief from the heightened tension in the Middle East region. Meanwhile, China’s surprising affirmation of Israel’s right to self-defence injected optimism into globalContinue Reading
Middle East Conflict De-escalation Eases Gold Prices
Written on October 23, 2023 at 5:26 am, by lishitong
Israel’s decision to halt its ground invasion of Gaza has temporarily eased Middle East tensions. Amid diplomatic efforts to calm the Middle East conflict, Israel’s decision to halt its ground invasion on Gaza has momentarily eased tensions. Oil prices faced resistance at $90, leading to a decline since last Friday, while gold prices encountered sellingContinue Reading
Powell’s Dovish Statement Hammers Dollar
Written on October 20, 2023 at 5:14 am, by lishitong
Despite visits by the U.S. president and the U.K.’s prime minister to Israel, gold and oil prices surge due to Middle East tensions. Despite diplomatic efforts by world leaders, including planned visits by the U.S. president and UK’s prime minister to Israel, gold and oil prices continue to surge in response to escalating Middle EastContinue Reading
Escalating Middle East Conflict Strengthens Gold Prices
Written on October 19, 2023 at 5:51 am, by lishitong
President Biden in Israel, leading global efforts to de-escalate Middle East conflict, causing surges in gold and oil due to regional tensions. U.S. President Joe Biden, alongside UK Prime Minister Sunak, stepped foot in Israel, leading international efforts to de-escalate the Middle East conflict. The heightened regional tensions propelled commodity prices, with gold and oilContinue Reading
Intensifying Middle East Conflict Bolsters Gold Price
Written on October 18, 2023 at 5:13 am, by lishitong
Escalating tensions in the Middle East ahead of the U.S. The President’s visit to Israel cast a shadow. Gold and oil prices rallied amid stalled ceasefire efforts in Gaza. Escalating tensions in the Middle East cast a shadow as the anticipated visit of the U.S. President to Israel looms on Wednesday. Against this backdrop, goldContinue Reading
