Monthly Archives: December 2024
41654156156Dollar Buoys by Strong U.S. Treasury Yield
Written on December 30, 2024 at 6:26 am, by pumarketings
Market Summary The financial market remains exceptionally quiet as the New Year holiday approaches, with most asset classes trading in a sideways manner. The dollar index has also been range-bound since last Monday, but the U.S. Treasury yield continues to climb, reaching its highest level since May—a factor that could potentially strengthen the dollar further.Continue Reading
Gold prices up as global uncertainties ahead in 2025
Written on December 30, 2024 at 3:18 am, by pumarketings
Fundamental Analysis * Gold might rise due to uncertainty ahead: Gold prices (XAU/USD) remain buoyant near $2,625 as global geopolitical and economic uncertainties heighten safe-haven demand. Rising concerns over Donald Trump’s trade policies, escalating Middle East tensions, and the ongoing Russia-Ukraine conflict are likely to sustain upward pressure on gold. However, the Federal Reserve’s cautiousContinue Reading