About: josephine

Recent Posts by josephine

Gold remains near a record high on optimism about US rate cuts

Gold prices held close to record highs on Monday as growing optimism around a U.S. interest rate cut bolstered the metal’s allure. Spot gold edged 0.2% lower to $2,501.19 per ounce by 0042 GMT, just shy of Friday’s all-time high of $2,509.65.

Dollar hits seven-month low on rate cut expectations; Powell’s speech in spotlight

On Tuesday, the U.S. dollar hovered near its lowest point in seven months, driven by increasing expectations that the Federal Reserve may begin cutting interest rates as soon as next month.

Japan’s Nikkei rises on weaker yen and tech sector gains

The Nikkei 225 Index rebounded on Tuesday, closing 1.8% higher at 38,062.92, marking its strongest level since August 1. The session saw the index rise more than 2% at one point, driven by a rally in technology shares and a softer yen.

Japanese yen gains strength on Fed rate cut expectations

The JPY gains strength against the U.S. dollar, supported by expectations of a Fed rate cut and robust Japanese economic data. Read more for insights on the monetary policy of BoJ.

Oil prices decline with geopolitical risks easing and China demand weakening

Oil prices fall alongside easing Middle East tensions and weaker demand from China. Geopolitical developments and U.S. inventory data remain key drivers.

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