Market News

Gold prices increase as ban on new Russian imports
June 27, 2022

Gold prices increase as ban on new Russian imports Gold prices rose on Monday as speculation grew that some Western countries could formally forbid the import of the metal from Russia in response to that country’s invasion of Ukraine. By 0231 GMT, spot gold increased 0.5 percent to $1,835.58 per ounce. At $1,836.30, U.S. gold

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After stock rebound week, stock futures are marginally higher
June 27, 2022

After stock rebound week, stock futures are marginally higher Following a significant recovery last week from this year’s sharp declines, U.S. stock futures increased marginally on Monday morning. Wall Street is getting ready to close out the worst first half for equities in decades despite the rebound. Futures for the Dow Jones Industrial Average increased

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USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed
June 27, 2022

USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors. USD: Core Durable Goods Orders m/m, It’s a leading indicator of production – rising purchase orders signal that manufacturers will increase

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As the commodity markets drop, gold and silver decline
June 24, 2022

As the commodity markets drop, gold and silver decline As the metals markets are participants in a general erosion of the commodity markets driven by crude oil, gold and silver prices are slightly lower in lunchtime U.S. trade on Thursday. Fears of a U.S. and worldwide economic crisis as well as predictions of decreased demand

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Fears about economy is growing as Wall Street’s hiring frenzy eases
June 24, 2022

Fears about economy is growing as Wall Street’s hiring frenzy eases After a hiring frenzy last year, Wall Street is slowing down due to the growing uncertainty around the U.S. economic future and the ensuing decline in the financial markets. In 2021 and early this year, Wall Street firms, including banks like Citigroup Inc, JPMorgan

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