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Sep-12 , 2024

$450B Floods In, Will Short Covering Ignite US Stocks Further?

Last month saw a surge in capital flowing into U.S. stocks, reaching a high not seen since March 2022. As concerns over economic recession fade, a massive short covering is imminent, leaving room for ...

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Sep-10 , 2024

Gold Price Forecast: Gold/USD Hits Record High

XAU/USD Current Price: $2,675.01Amid scarce macroeconomic data, market sentiment led the charge on Wednesday.Focus shifts to the ECB's monetary policy decision on Thursday.XAU/USD aims to set a new hi...

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Sep-05 , 2024

Saudi Arabia's Fuel Oil Imports from Russia Skyrocket Nearly 10 Times Year-on-Year

Saudi Arabia's fuel oil imports from Russia in the first half of this year have already exceeded the total for last year. Besides acting as a middleman to earn the price difference, this is also relat...

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Sep-01 , 2024

Gold Defies Strong Dollar, Heads for YTD High

Due to the decline in U.S. Treasury yields, which boosted demand for non-yielding assets, gold/dollar climbed.Traders anticipate that as inflation cools, major central banks will cut interest rates, w...

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Aug-23 , 2024

IEA Cuts Global Oil Demand Growth Forecast for First Time This Year

The IEA believes that, despite lowering expectations, demand is still expected to reach a record level later this year, and the oil market in the second half of the year is still characterized by a su...

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Aug-22 , 2024

CPI Cools More Than Expected; Gold Spikes by $15

While this data is unlikely to prevent the Federal Reserve from raising interest rates by 25 basis points this month, it may lead to market speculation about whether July will be the last step in this...