Hong Kong stocks rose 55 points, or 0.2%, to 26,210 in early trading on Tuesday (November 4), posting a second consecutive session of gains. Market sentiment was boosted by positive comments from Chief Executive John Lee, who revealed that Hong Kong had recorded 80 initial public offerings (IPOs) in the first ten months of 2025, underscoring the strength of the city's capital market. Furthermore, Chinese Vice President He Lifeng expressed hope for increased economic and financial cooperation between Hong Kong and mainland China, further strengthening Hong Kong's position as a global...
Gold prices fell on Wednesday (26/2) after a recent record rally, as investors awaited inflation data due later in the week and the latest developments on US President Donald Trump's tariff plans. Spot gold fell 0.1% to $2,912.51 an ounce by 1:49 p.m. ET (1849 GMT). Bullion, a preferred hedge against uncertainty and inflation, hit a record high of $2,956.15 on Monday amid trade war concerns stemming from the threat of tariffs. US gold futures settled 0.4% higher at $2,930.60. On Tuesday, Trump ordered an investigation into potential new tariffs, opening a new tab on copper imports to...
Gold futures rose in relatively quiet trading, regaining some ground after Tuesday's sharp selloff. Futures rose 0.3% to $2,927.80 an ounce, nearing an all-time high of $2,974 an ounce hit on Monday. The German election results were well-received by the market, while optimism grew for a Russia-Ukraine peace deal, Nikos Tzabouras of Tradu said in a note. These developments boosted market sentiment, which led to a decline in gold prices on Tuesday, Tzabouras wrote. However, while a deeper correction in the near-term cannot be ruled out, the path of least resistance remains to the upside....
Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower U.S. crude stockpiles provided some support. Brent crude was down 19 cents at $72.83 a barrel by 1256 GMT and U.S. West Texas Intermediate crude oil futures fell by 13 cents to $68.80. Prospects for a peace deal between Russia and Ukraine are improving, ING commodities strategists said in a note on Wednesday, adding that the market was also watching for potential implications of a minerals deal between the U.S. and Ukraine. "This would take us a step...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, orbits around 106.50 at the time of writing on Wednesday after not making any positive impressions in February. The DXY Index holds near yearly lows as traders shun the Greenback in a flight to safe havens from United States (US) President Donald Trump's tariffs, which are set to kick in on March 4 for Mexico, Canada, and China. Meanwhile, traders are seeing a second element of a weaker greenback.For the first time this year, Federal Reserve (Fed) rate cut bets are pricing in two...
Gold's price (XAU/USD) stabilizes and trades near $2,910 at the time of writing on Wednesday, following a 1.3% drop the previous day after markets got spooked by weak US consumer confidence data and more realistic tariff threats from President Trump's administration. Meanwhile, United States (US) yields have plunged substantially, with markets projecting a 25 basis points (bps) rate cut in June from the Federal Reserve (Fed). This is supportive for the precious metal and should see price action bottoming out from here. Markets are looking forward to March 4, when tariffs on Mexico and...