The antipodean has slipped on a pullback in commodity prices as investors paused to reassess the Russia-Ukraine conflict. Russia warns Western countries could face oil prices of over $300 per barrel, cuts to EU gas supply, weighs on the market sentiment. Australia’s NAB Business Confidence improved in February. Australian dollar dips following the footprint [...]
The yellow metal remains on the front foot as traders seek risk-safety amid the ongoing Russia-Ukraine woes. US House Speaker Nancy Pelosi explores legislation that would ban Russian oil imports, weighs on the market sentiment. Upbeat Employment data favors the Fed hawks and raises the rate hike expectation. Gold prices has scaled the $2000 [...]
Choppy market condition due to worsening Russia - Ukraine crisis weighs on the king crypto. Moscow’s recent actions breaks trust on the peace talks. Hawkish Fed Chair Powell comments on the rate hike and the recent risk aversion wave favors the USD bulls. Bitcoin dropped against the greenback during Friday trading session as Choppy [...]
Gold is under modest selling pressure expectations of a ceasefire between Russia and Ukraine. The testimony of Federal Reserve (Fed) chair Jerome Powell underpinned the gold. Apart from Russia - Ukraine talks, Traders await US Initial Jobless Claims and ISM Services PMI due later today. The yellow metal is trading up and down within [...]
