Economy
XAU/USD Forecast: Gold Prices loses its shine, approaches $2,600
FOMC Meeting Minutes and Fedspeak take center stage in the American afternoon.The market mood soured on talks US authorities could seek a Google breakout.XAU/USD pressures its weekly lows and gains
Cooling Recession Fears Boost Asian Stocks, China Inflation Data Beats Expectations
Asian stocks experienced an uptick on Friday, as concerns about an impending U.S. recession began to ease. Additionally, slightly positive inflation data from China provided a boost to market sentiment.Despite
Core Strength: S&P 500 Resilience in Earnings Persists
Despite escalating recession apprehensions and recent bearish market movements, the steadfastness of S&P 500 earnings endures, as articulated by Citi strategists in a Wednesday dispatch.Citi’s Economic Data Change index, encapsulating
WTI gains ground above $76.50 amid fears of Middle East oil production disruptions
WTI price extends upside near $76.85 in Tuesday’s early Asian sessionFears of wider Middle East conflict boost the WTI priceInvestors await additional stimulus measures from Chinese officialsOn Thursday, the US
XAU/USD Forecast: Gold Prices buyers stay hopeful whilst key $2,630 support holds
Gold price keeps the red near $2,650 at the start of a new week on Monday.The US Dollar retreats from seven-week highs amid softer Treasury yields, positive risk tone.Gold price
U.S. job creation payrolls surged by 254,000 roared higher in September
Key PointsNonfarm payrolls surged by 254,000 in September, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast.The unemployment rate fell to 4.1%, down
Goldman Sachs says crude Oil could spike by $20 on Iran oil shock
Key Points:Oil prices could shoot up $20 per barrel if Iranian production sees a hit, says Goldman Sachs.Iran, which is a member of OPEC, is a key player in the