Yearly Archives: 2024
Oil Prices Bolster by Heighten Geopolitical Tension

Written on October 14, 2024 at 6:20 am, by
Market Summary Oil prices surged by nearly 4% in the last session, reaching a near two-month high as the confrontation between Israel and Iran-backed militaries escalated, sparking concerns over potential supply disruptions in the region, which accounts for a significant portion of global crude production. In contrast, gold prices remained stable, hovering above the $2,640Continue Reading
Oil Prices Bolster by Heighten Geopolitical Tension

Written on October 14, 2024 at 6:20 am, by
Market Summary Oil prices surged by nearly 4% in the last session, reaching a near two-month high as the confrontation between Israel and Iran-backed militaries escalated, sparking concerns over potential supply disruptions in the region, which accounts for a significant portion of global crude production. In contrast, gold prices remained stable, hovering above the $2,640Continue Reading
U.S. Jobs Report Boosts Dollar: Is a Rebound Ahead?

Written on October 14, 2024 at 6:18 am, by
Market Summary The Dollar Index surged to a seven-week high, driven by strong U.S. economic data, with Nonfarm Payrolls hitting 254,000 and the Unemployment Rate dropping to 4.1%. This data diminished expectations for a 50-basis-point rate cut, bolstering the dollar but weighing on gold as the stronger dollar overshadowed the metal’s safe-haven appeal. Oil pricesContinue Reading