Oil prices fluctuated between gains and losses as traders weighed the prospects for a Ukraine-Russia peace deal that could ease political risks in an already oversupplied market. West Texas Intermediate crude traded near $58, little changed after its biggest weekly loss since early October. Ukraine and its European allies signaled that there were still key points of contention in U.S.-brokered peace talks to end the Russian invasion, although senior officials praised progress in securing more favorable terms for Kyiv. "Something good may be happening," President Donald Trump wrote in a...
Gold (XAU/USD) traded slightly higher on Monday (November 24th) as investors considered developments in the Federal Reserve's monetary policy outlook alongside improving sentiment on risk assets. At the time of writing, XAU/USD was trading around $4,087, up nearly 0.50% after bouncing off an intraday low near $4,040. Market sentiment remains anchored by renewed expectations for a December interest rate cut after New York Fed President John Williams said on Friday that he still sees room for near-term easing. His remarks helped revive rate cut expectations after a period of waning...
Gold prices rose near $4,120 per ounce on Monday (October 24th) after a modest weekly decline as investors awaited US retail sales and PPI data due on Tuesday and weekly jobless claims on Wednesday. Comments from New York Fed President John Williams and Fed Governor Christopher Waller increased the odds of a 25 bps interest rate cut in December to about 79%, according to CME FedWatch. The repricing pushed Treasury yields lower and weakened the dollar, reducing the opportunity cost of holding bullion and providing clear support for prices, even as the AI-driven equity rally again attracted...