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Middle East War Bolsters Gold Prices
The week started with a surge in gold prices, driven by the escalating conflict in the Middle East involving Israel and the Palestinian militant group Hamas. The week kicked off with a surge in gold prices, climbing nearly 1%, driven by the escalating conflict in the Middle East involving Israel and Palestinian militant group, Hamas.Continue Reading
Written on October 9, 2023 at 5:16 am
Categories: Daily Market Analysis
Dollar Mutes Ahead Of Nonfarm Payroll
Before the release of Nonfarm Payroll, U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in the dollar index and gold prices. U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in both the dollar index and gold prices, all eyes turned toward the eagerly anticipated Nonfarm Payroll dataContinue Reading
Written on October 6, 2023 at 5:41 am
Categories: Daily Market Analysis
A Week For Insights Into The Major Country’s Inflation
The Week Ahead: Week of 9 October (GMT+3) Wednesday, 11 October, 09:00 – EU German CPI (MoM) (Sep) In August, there was a 0.3% month-on-month increase in German consumer prices. The economy is expected to contract in the third quarter and show only modest growth in the fourth. Wednesday, 11 October, 15:30 – US PPIContinue Reading
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