Home / Finance

Finance

Finance

Gold struggles below $4,400 as Fed rate hike bets dominate

Gold (XAU/USD) extends its pullback from the more-than-three-month high touched last week and falls to a fresh two-week low on Tuesday. Rising expectations of Federal Reserve (Fed) interest rate hikes and fresh tensions…

Finance

WTI Oil climbs toward $87 as US-Iran tensions threaten supply

West Texas Intermediate (WTI) US Oil extends its rebound for a second consecutive day on Tuesday, gaining 1.76% on the day to trade around $86.95 at the time of writing. The Crude Oil benefits from a renewed geopolitica…

Finance

NZD/USD Price Forecast: Bulls defend trendline above 0.5900

The NZD/USD is poised to finish Monday’s session virtually unchanged near its opening price, despite a modest 0.08% gain as the US Dollar weakens amid rising tensions in the Middle East. The pair trades above 0.5900.

Finance

Mexican Peso appreciates as USD/MXN dives on USD weakness

The Mexican Peso (MXN) appreciates by about 0.20% against the US Dollar (USD) on Monday, even as risk appetite deteriorated amid the escalation of the US-Iran conflict, which triggered a jump in energy prices. This exer…

Finance

Gold slips as Warsh Fed hike bets, Oil rally lift US yields

Gold (XAU/USD) price retreats some 0.40% on Monday after last Friday's hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh, which sparked speculation of a possible rate hike at the September meeting. Despite this…

Finance

China: Easing case strengthens on weak PMIs – Commerzbank

Commerzbank’s Dr. Henry Hao argues that two months of broad Purchasing Managers' Index (PMI) contraction leave China’s Gross Domestic Product (GDP) growth tracking below the official 4.5%-5.0% target, intensifying press…

Finance

August was three good days for the Dow Jones Industrial Average

The Dow Jones Industrial Average closed just short of 53,300, roughly 250 points and about 0.5% lower, after American forces struck two Iranian rocket launchers on Larak Island and Tehran answered with missile and drone…