Monthly Archives: November 2024
U.S Dollar Jumps on Heightens Treasury Yield
Written on November 1, 2024 at 6:50 am, by
Market Summary The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears. Investors are preparing for theContinue Reading
Dollar Stays Strong as U.S. Election is Approaching
Written on November 1, 2024 at 6:17 am, by
Market Summary Safe-haven gold continues to trade within a bullish trajectory as traders closely watch developments in the Middle East. With the U.S. presidential election looming, demand for gold has surged due to the uncertainty surrounding the event. Meanwhile, silver has exhibited extreme bullish momentum, rising nearly 7% last week and holding at its highestContinue Reading
Middle East Conflicts Intensify, Gold Jump
Written on November 1, 2024 at 6:16 am, by
Market Summary Gold surged to a record high, nearing the $2730 mark per ounce, as worsening tensions in the Middle East escalated. The situation intensified after a Hezbollah drone explosion near the Israeli Prime Minister’s private residence, prompting discussions of retaliation from Israel, which fueled the safe-haven demand for gold. Similarly, silver (XAGUSD) soared toContinue Reading
