Monthly Archives: April 2024
41654156156Unconfirm Explosion Stimulates Commodities Prices
Written on April 19, 2024 at 5:59 am, by jonywang
Market Summary The market was roiled by unconfirmed reports of explosions in Iran, Iraq, and Syria, adding to the already tense atmosphere following Iran’s recent attack on Israel over the weekend. Anticipation of potential retaliation from Israel contributed to heightened nervousness in the markets throughout the week. Gold prices surged above the $2400 mark, whileContinue Reading
Market Clash With Rate Uncertainty: Can Data Bring Clarity?
Written on April 19, 2024 at 3:14 am, by jonywang
Thursday, 25th April 2024, 14:30 – US GDP (QoQ) (Q1) In March, the government revised its previous estimate, indicating that the U.S. economy expanded at a robust annualized rate of 3.4% from October to December. Initially, it reported a slightly lower growth figure of 3.2% for the same period. This growth represented the sixth consecutiveContinue Reading
Gold Price Gains on Risk Aversion, Fed’s Bostic Remarks
Written on April 19, 2024 at 2:04 am, by jonywang
Fundamental Analysis * Shining Bright: Gold prices continue to hold strong, supported by increased geopolitical tensions concerning Iran and Israel. As reported by The Times, Prime Minister Benjamin Netanyahu of Israel has stated that “his country will take all necessary measures to protect itself.”. The comments from PM Netanyahu came after his conversation with foreignContinue Reading
