Monthly Archives: October 2023
Powell’s Dovish Statement Hammers Dollar
Written on October 20, 2023 at 5:14 am, by lishitong
Despite visits by the U.S. president and the U.K.’s prime minister to Israel, gold and oil prices surge due to Middle East tensions. Despite diplomatic efforts by world leaders, including planned visits by the U.S. president and UK’s prime minister to Israel, gold and oil prices continue to surge in response to escalating Middle EastContinue Reading
Upcoming Major Country Central Bank Interest Rate Decision
Written on October 20, 2023 at 12:19 am, by lishitong
The Week Ahead: Week of 23 October (GMT+3) Wednesday, 25 October, 17:00 – CA BoC Interest Rate Decision In September, Canada’s annual Consumer Price Index (CPI) showed a decline in inflation from 4% in August to 3.8%. The Bank of Canada’s upcoming rate decision will be crucial, as it previously held the benchmark rate atContinue Reading
Escalating Middle East Conflict Strengthens Gold Prices
Written on October 19, 2023 at 5:51 am, by lishitong
President Biden in Israel, leading global efforts to de-escalate Middle East conflict, causing surges in gold and oil due to regional tensions. U.S. President Joe Biden, alongside UK Prime Minister Sunak, stepped foot in Israel, leading international efforts to de-escalate the Middle East conflict. The heightened regional tensions propelled commodity prices, with gold and oilContinue Reading
