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Gold rises near $4,345 after a six-week low, supported by a weaker US Dollar and falling oil prices.
Lisa Shalett, CIO at Morgan Stanley Wealth Management, asserts that the AI cycle will not be hampered by recent interest rate hikes. She discussed this perspective on 'Closing Bell' following the latest Federal Open Market Committee (FOMC) decision, providing insights into the equity markets' direction.
Markets await Fridayโs BoJ decision, with rising inflation driving expectations of a hawkish shift and further JPY strength.
Stronger US claims and business data contrast with weaker housing; gold and equities gain while yields, oil and USD fall.
Saudi Arabia is relying more on the Strait of Hormuz after its East-West pipeline shut, raising questions about sustained oil flows.
USD weakened after reaching a seven-week high, while the DXY stayed slightly above 100 following the Fedโs rate increase.
Energy supply pressures and uncertainty over the Fedโs response may challenge expectations that inflation will ease smoothly.
Gold gains more than 2% after the Fed hike as falling Oil prices pressure the US Dollar and Treasury yields.
Crude returned near $97.50 after falling to $94.50 as Saudi cargoes outside Hormuz eased supply concerns.
USD/JPY is subdued as markets await Fridayโs BoJ decision after the Fed delivered an expected 25-basis-point hike.
Trump says he faces a major decision on whether to resume attacks, while US forces remain ready in the Middle East.
