The Australian Dollar (AUD) continued to strengthen against the US Dollar (USD) on Wednesday, posting gains for the third consecutive day. The AUD's strength was driven by the release of the Reserve Bank of Australia (RBA) Meeting Minutes, which indicated growing doubts that Australia's monetary policy remains sufficiently tight. This reinforced expectations that the Reserve Bank of Australia (RBA) will raise interest rates in February 2026. Australian inflation rose to 3.8% in October 2025, slightly higher than the previous month's 3.6% and remaining above the RBA's target range of 2-3%....
Silver prices continued to soar, reaching $72.22 per ounce on December 24, 2025, setting a new all-time high in the precious metals market. This surge reflects strong demand from both the investment and industrial sectors, as well as expectations that global monetary policy will loosen further in the future. Investors are increasingly turning their attention to silver as a safe haven asset amid geopolitical and economic uncertainty. Global demand for silver, particularly from the renewable energy, electronics, and automotive sectors, is increasing. Furthermore, geopolitical tensions and...
Oil prices settled higher on Tuesday as investors assessed stronger-than-expected U.S. economic growth and the risk of disruptions to oil supply from Venezuela and Russia. Brent crude futures settled 31 cents, or 0.5%, higher at $62.38 a barrel. U.S. West Texas Intermediate crude was up 37 cents, or 0.64%, at $58.38. Prices had risen by more than 2% on Monday, with Brent registering its biggest daily gain in two months and WTI climbing the most since November 14. The U.S. economy grew faster than expected, driven by robust consumer spending, the Commerce Department's Bureau of Economic...