Gold prices demonstrated resilience in Asian markets today, recovering from recent declines and approaching monthly peak levels despite lower trading volumes due to the Thanksgiving holiday. The halt in the US dollar’s advance comes amid growing expectations that the Federal Reserve may pause its aggressive rate hikes. The precious metal…

WASHINGTON – The (DXY) climbed to the pivotal 104.00 mark today, buoyed by a downgrade of China’s credit outlook and signals from the European Central Bank (ECB) that it may halt its rate hikes following a quicker-than-expected slowdown in inflation in Europe. The strengthening of the dollar comes amid broader…

Silver prices could be headed for an “explosive” rise in 2024 if global supplies continue to fall short of demand, and the Federal Reserve makes good on its plans to pivot to interest rate cuts in the coming months, according to metal-markets analysts. While silver this year has underperformed gold,…

© Reuters. BRAZIL – Embraer S.A. has completed the delivery of the fifth E-99M aircraft to the Brazilian Air Force (FAB), enhancing its advanced airspace surveillance capabilities. This latest handover is part of the modernization of the FAB’s EMB 145 Airborne Early Warning and Control (AEW&C) fleet. The updated E-99M…

The global oil market is facing uncertainty as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) postponed their production-cut meeting to November 30. The decision came early Thursday, pushing West Texas Intermediate (WTI) crude prices down near $76.20, although they slightly recovered to around $77.20 later in…

LONDON – The British pound fell to weekly lows against a stronger US dollar during the American trading session Tuesday, slipping below the significant 1.2600 level. The currency pair lost about one-third of a percent in value as the greenback found support from a mixed bag of economic indicators. The…

The S&P 500 is almost at record levels, but it isn’t too late to ride the rally. Sectors that have failed to keep pace with the market offer an opportunity to buy in. The index is up about 23% for the year, putting it some 1.6% below its record closing…

© Reuters. Nvidia Postpones H20 AI Chip Launch in China Amidst U.S. Export Compliance Quiver Quantitative – Nvidia Corporation (NASDAQ:) has encountered a setback in its strategic maneuvers within China, facing the necessity to delay the debut of its new H20 artificial intelligence chip—a pivotal component of its compliance with…

Investing.com– Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data fueled uncertainty over the path of U.S. interest rates.  The yellow metal saw a strong run-up this week amid growing optimism that the Federal Reserve was…

LONDON – The currency pair remained near the 0.8570 mark Tuesday as investors positioned themselves ahead of the upcoming Eurozone Retail Sales data release. The pair has seen more declines than gains in recent sessions, despite positive economic indicators such as BRC Like-For-Like Sales and the HCOB Composite PMI. Markets…