Monthly Archives: August 2026
Gold prices steady despite uncertain US economic indicators
Written on August 20, 2026 at 2:57 am, by josephine
Gold prices are on track for a second consecutive weekly decline but remained stable on Friday morning at $2,301.49 per ounce as of 0215 GMT. The modest weekly loss of over 1% reflects a broader pullback from the record high of $2,431.29 reached earlier in April, with prices falling by $130 since that peak. U.S. Continue Reading
Asian stocks and Yen show resilience
Written on August 20, 2026 at 2:56 am, by josephine
Key points Asia-Pacific stock indices surge despite market closures Despite the closure of markets in Japan and mainland China, the regional stock indices responded positively, with MSCI’s broadest index of Asia-Pacific shares outside Japan climbing 1.5%, poised for a consecutive weekly rise. Hong Kong’s Hang Seng Index notably advanced by 2%, tracking towards a weekly Continue Reading
Australian shares rally before US jobs report release
Written on August 20, 2026 at 2:56 am, by josephine
3rd May 2024 — Australian shares exhibited an observable increase, with the S&P/ASX 200 Index climbing by 42.00 points or 0.6%, to settle at 7,629.00. This rise came as investors positioned themselves ahead of the release of the US jobs report, anticipated to show a decrease in job additions from March to April. SEE: ASX Continue Reading
Gold prices fall due to dollar strength and awaited Federal Reserve comments
Written on August 20, 2026 at 2:56 am, by josephine
6th May 2024 – In the early trading hours on Monday in Asia, gold prices saw a decrease of 0.3%, with spot gold dropping to $2,294.97 per ounce as of 0040 GMT. Similarly, U.S. gold futures also experienced a dip of 0.3%, settling at $2,301.00 per ounce. This decline coincided with a slight firming of Continue Reading
MARKETS TODAY: Asian stocks climb, Yen continues descent
Written on August 20, 2026 at 2:56 am, by josephine
Key Points: Asian stocks reached their highest levels in more than a year this Monday, driven by growing expectations that the U.S. Federal Reserve might reduce interest rates later this year. Although trading volumes were lower due to a holiday in Japan, the positive mood has seemingly spread across other major Asian markets. Asian market Continue Reading
Oil prices climb on Gaza tensions and Saudi price hike
Written on August 20, 2026 at 2:56 am, by josephine
Key points: Brent crude futures gained 51 cents, or 0.6%, to $83.47 a barrel at 0636 GMT, while U.S. West Texas Intermediate crude futures were at $78.64 a barrel, up 53 cents, or 0.7%. Last week, both futures contracts posted their steepest weekly loss in three months with Brent falling more than 7% and WTI Continue Reading
Euro Zone Bond Yields drop following U.S. economic data
Written on August 20, 2026 at 2:56 am, by josephine
6th May 2024 Key points: On Monday, bond yields in the euro zone saw a decrease. This movement in the bond market was largely due to new U.S. economic data that led traders to believe the Federal Reserve might cut rates twice in 2024. SEE: The euro 10-year bond yield sees a significant dip on Continue Reading
Shanghai copper falls on first trading session after holiday
Written on August 20, 2026 at 2:55 am, by josephine
Key points: Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property market. Picture: Copper prices see a decline on VT Markets app. Post-holiday copper prices dip In the first trading session after the holiday, the most-traded June copper Continue Reading
Optimism fuels global stocks, Yen weakness persists
Written on August 20, 2026 at 2:55 am, by josephine
Key points: Global stock markets experienced a significant rally on Monday, driven by the anticipation that major central banks might implement rate cuts later this year. This sentiment was further bolstered by a softer-than-expected U.S. labor market report last Friday, prompting traders to anticipate potential easing of monetary policy by the Federal Reserve as early Continue Reading
Gold prices climb on speculation of Federal Reserve rate cut
Written on August 20, 2026 at 2:55 am, by josephine
Key points: Gold prices rose for the second consecutive session on Tuesday. This increase comes as traders grow increasingly optimistic about a potential Federal Reserve rate cut later this year. Spot gold was up 0.2% at $2,327.11 per ounce early this morning, while U.S. gold futures also saw a 0.2% rise to $2,336.20. Picture: Gold Continue Reading
