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December 20, 2024

Gold Prices Plunge as US Dollar and Treasury Yields Rise

Gold prices have seen a significant drop following recent announcements from the Federal Reserve regarding rate cuts. Meanwhile, the US dollar is climbing, and US

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December 20, 2024

PBOC Adjusts USD CNY Reference Rate Amid Market Activity

On Friday, the People’s Bank of China set the USD CNY reference rate for the trading session at 7.1901. This is a slight adjustment from

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December 20, 2024

NZD USD Decline Continues as Weaker GDP Stokes Rate Cut

The NZD USD pair remains under pressure as it drifts lower around 0.5625. New Zealand’s deep recession is fueling speculation regarding a Reserve Bank of

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December 20, 2024

USD INR Shows Signs of Recovery Ahead of Key Economic

The Indian Rupee recovers ahead of the US Core PCE release, rebounding from an all-time low of 85.12 recorded previously. The decline in crude oil

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December 20, 2024

NZD USD Falls as Fed and RBNZ Policies Diverge

The NZD USD exchange rate continues its downward path this week, reaching its lowest level since 2022. The kiwi fell to a new low of

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December 20, 2024

Silver Prices Drop as XAG USD Hits Three Month Lows

Silver prices continued to decline, with XAG USD trading around $28.90 per troy ounce. This marks an ongoing trend that began earlier this month. Recently,

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December 20, 2024

Gold Price Maintains Stability Around $2600 Despite Market Conditions

The gold price remains steady around $2600, attracting dip-buyers following significant price movements. The market reacts amid ongoing geopolitical tensions, fears of trade wars, and

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December 20, 2024

India Gold Prices Hold Steady Amid Economic Concerns

Gold prices in India displayed little fluctuation on Friday, reflecting stability in local market conditions. Data indicates that prices remain unchanged. This trend is prompting

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