Monthly Archives: October 2024
41654156156Gold 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
Yen Capitulate Amid Political Uncertainty
Written on October 28, 2024 at 5:12 am, by pumarketings
Market Summary Japan’s political landscape took centre stage this week after the Prime Minister called a snap election, following the ruling party’s loss of its parliamentary majority. This political uncertainty has led markets to believe the Bank of Japan may delay its next rate hike, causing the Yen to soften to a three-month low. Meanwhile,Continue Reading
Japanese Yen Plunged Amid Political Uncertainty
Written on October 28, 2024 at 1:59 am, by pumarketings
Fundamental Analysis * Coalition Collapse: The Japanese Yen has faced a substantial setback against the dollar due to political upheaval in Japan. Japan’s longtime ruling party has lost its majority for the first time in 15 years at Sunday’s national election, prompting concerns about the world’s fourth-largest economy and the uncertainty over the make-up ofContinue Reading
