Monthly Archives: October 2024
41654156156Trading Hour Schedule Changes for the End of US Daylight Saving
Written on October 29, 2024 at 6:31 am, by glennsong
Dear Valued Client, Please note that in observance of the upcoming end of Daylight Saving Time in US on 3rd November 2024, there will be changes to PU Prime’s trading schedule from 4th November 2024. Kindly refer to the table below outlining the affected instruments: Please note the above data are subject to changes. PleaseContinue Reading
Gold Rally Ahead of the U.S. Election
Written on October 29, 2024 at 5:32 am, by pumarketings
Market Summary As the U.S. election draws near, safe-haven assets are gaining traction, with gold rallying back to its all-time highs and the U.S. dollar hovering close to recent peaks. Historical trends indicate that the Japanese yen tends to attract strong safe-haven demand during election years, having outperformed the dollar, Swiss franc, gold, and U.S.Continue Reading
Gold Price Hold Steady Despite Easing Middle East Risk
Written on October 29, 2024 at 1:58 am, by pumarketings
Fundamental Analysis * Gold Resillience: Gold prices trimmed earlier losses and held steady despite reduced concerns about a larger conflict impacting safe-haven demand. Tensions in the Middle East eased after Israel refrained from targeting Iran’s oil and nuclear facilities in a recent strike, which saw Iranian leaders downplay its significance, despite Tehran’s threat of retaliation.Continue Reading
