The Dow Jones Industrial Average (DJIA) pulled back from Monday’s early gains after news outlets reported that accelerating Middle East conflicts took a turn early this week. According to early reporting, Iranian militants have launched a rocket strike targeting the Al-Asad Airbase, which is jointly operated by the US Air Force and the Iraqi Air…
Middle East geopolitical tensions mount as the 15-year-long civil war in Syria took a new turn over the weekend after Syrian rebels seized control and ousted the old autocratic leader, President Bashar al-Assad, after seizing control of Damascus on Sunday. Reuters reported that Russia has given asylum to Bashar al-Assad and his family after the…
WTI holds steady amid hopes for a demand recovery in China and Middle East tensions. A larger-than-expected rise in US crude stock caps the commodity amid a bullish USD. Traders now look forward to the official US inventory data for short-term opportunities. West Texas Intermediate (WTI) US Crude Oil prices trade with a positive bias…
Gold price shot to a fresh all-time peak on Tuesday amid dovish Fed-inspired USD selling bias. Geopolitical tensions further contributed to driving flows towards the safe-haven XAU/USD. Bulls take a pause and await more cues about the Fed’s rate-cut path before placing fresh bets. Gold price (XAU/USD) extends its sideways consolidative price move above the…
GBP/USD attracts some sellers on Monday amid a modest USD uptick. Geopolitical risks turn out to be a key factor benefitting the Greenback. Dovish Fed expectations should cap the buck and limit further downside. The GBP/USD pair kicks off the new week on a weaker note and for now, seems to have stalled a two-day-old…
Gold price struggles to capitalize on the previous day’s strong rise of nearly 2%. The upbeat US labor market report underpins the USD and acts as a headwind. The risk-on impulse further caps gains, though Fed rate cut bets offer support. Gold price (XAU/USD) rallied nearly 2% on Thursday and snapped a four-day losing streak…