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Dollar Stable Despite Quiet Week, PCE May Boost It Further
Tuesday, 26 November 2024, 17:00 – US CB Consumer Confidence The latest U.S. CB Consumer Confidence Index for showed a strong improvement to 108.7, surpassing both the forecast of 99.5 and the previous month’s 99.2. This rebound indicates heightened optimism among U.S. consumers about current and future economic conditions. Key drivers included robust job marketContinue Reading
Gold Extends its Gain as Geopolitical Tension Heighten
Market Summary The financial market’s focus remains locked on escalating tensions in Eastern Europe after Ukraine launched long-range British missiles into Russian territory, significantly heightening geopolitical risks. This development has intensified demand for safe-haven assets, with gold rallying over 3% since the start of the week. Analysts expect the bullish momentum in gold prices toContinue Reading
Gold Gain on Russia-Ukraine Tension
Market Summary Gold extended its rally for a third consecutive session this week, gaining nearly 3% since Monday as the intensifying conflict between Russia and Ukraine drove safe-haven demand. Tensions escalated after Ukraine deployed U.S.-supplied missiles, prompting Russian President Putin to approve the use of nuclear deterrents in response. Oil prices, meanwhile, remain at elevatedContinue Reading
