Yearly Archives: 2024
Gold Price Stimulates by Geopolitical Tension
Written on August 13, 2024 at 5:08 am, by pumarketings
Market Summary Gold prices experienced their largest gain in three weeks, driven by escalating tensions in the Middle East and the easing of the U.S. dollar as markets await the crucial CPI reading due on Wednesday. Gold has surged to an all-time high above $2,460, as uncertainties surrounding developments in both the Middle East andContinue Reading
Wall Street Advances Ahead Of CPI
Written on August 12, 2024 at 5:06 am, by pumarketings
Market Summary The equity markets continued their upward momentum, driven by the easing of the Japanese Yen’s strength. The Yen was pressured by a dovish tone from Japanese authorities, signalling that the Bank of Japan (BoJ) might keep its monetary policy unchanged amid rising global economic uncertainties. However, attention is now shifting to the upcomingContinue Reading
Nasdaq Bullish, Encourage by Upbeat U.S. Job Data
Written on August 9, 2024 at 5:50 am, by pumarketings
Market Summary The financial markets reacted positively to the upbeat Initial Jobless Claims data released yesterday, which came in at 233k, lower than market expectations. This eased concerns about a weakening labour market and the heightened recession risks that emerged after last Friday’s disappointing NFP report. Wall Street benefited from the improved risk appetite, withContinue Reading
