Futures on the Euro Stoxx 50 rose 0.7%, while in the United States, futures remained relatively static, with futures listed on the S&P 500 and Nasdaq 100 remaining unchanged. Nikkei futures rose by 0.3%, while Hong Kong’s Hang Seng slumped by 1.6%. The Shanghai Composite edged 0.2% higher.

Gold rose by 0.7% to hit a record value of $2,389.34 an ounce. As supply uncertainty rises due to Middle East tensions, with West Texas Intermediate crude rising by 0.8% to $85.69 per barrel. In cryptocurrencies, Bitcoin rose 0.6% to $70,940.49 while Ether was up 0.5% to $3,543.65.

The post European Stocks Rises as Gold Hits Fresh Record appeared first on theprimarymarket.com.

New York stock futures largely declined, with S&P 500 and Nasdaq 100 futures each falling by 0.2%. Those on the Dow Jones Industrial Average slumped by 0.3%. The Stoxx Europe 600 fell by 0.3%, as did the MSCI Asia Pacific Index.

Having closed above $2,000 per ounce on Friday, spot gold rose by a further 0.6% to $2,013.31 per ounce. The bond market remained relatively static, with the 10-year US Treasury yield rising 0.2% while the German and the UK equivalents remained little changed. The price of Brent crude slumped by 1.2% to $79.65 per barrel.

The post Stocks Sink Lower, Gold Surges Amid China Industrial Downturn appeared first on theprimarymarket.com.

Gold rose despite other commodities and stocks embarking on a downward trajectory. With US retail sales remaining resilient in the face of stubborn inflation, the Federal Reserve has been given more reason not to give up on its tight fiscal policy. Usually, rising interest rates signal a decline in gold prices.

Since the terrorist attack carried out against Israel by Hamas on October 7, the price of bullion has rocketed over 6% upwards. Before the outbreak of the conflict, the metal had been trading near a seven-month low.

The post Price of Gold Rises to Four-Week High appeared first on theprimarymarket.com.

“It’s a one-two punch for gold. … If a deal is done over the weekend, then that will remove the biggest risk off the table,” Edward Moya, senior market analyst at OANDA observed. Spot gold prices fell 0.87% to $1,939.97 an ounce, with gold futures sinking 1.1% to $1,943.70.

The U.S. dollar moved in the opposite direction, with the dollar index rising to 104.25, thereby showing that the greenback is strengthening against other major currencies. Treasury yields were also up.

U.S. stocks were mixed, with the S&P 500 and Nasdaq Composite gaining 0.88% and 1.71% respectively, while the Dow Jones Industrial Average sunk 0.11% lower. The STOXX 600 Europe index edged 0.3% lower.

Oil prices dropped after Russian Deputy Prime Minister Alexander Novak dismissed the prospect of a further OPEC+ production cut next week. U.S. crude dropped 3.38% to $71.83 a barrel, while Brent crude futures traded 2.7% lower at $76.25 a barrel.

The post Gold Falls to Two-Month Low as Debt Ceiling Talks Progress appeared first on theprimarymarket.com.

Kolanovic’s reasons for distributing this advice are the Federal Reserve’s still-hawkish monetary policy, the ongoing U.S. debt talks that appear to be deadlocked, as well as increased recessions risks.

“Hopes of a swift resolution to the US debt ceiling have somewhat bolstered market sentiment,” Kolanovic stated in a note to clients. “Despite last week’s rebound, risk assets are failing to break out of this year’s ranges, and if anything credit and commodities are trading at the lower end of this year’s ranges.

The JPMorgan advisor continued that even though equities are trading near this year’s highs, the investment company’s model portfolio has suffered a third loss in the last four months.

The post Cut Stocks, Hold Onto Cash, JPMorgan Strategist Advises appeared first on theprimarymarket.com.

While gold raced towards historic highs, the tech-heavy Nasdaq Composite Index declined by 0.3%. The S&P 500 was down 0.15% at Wednesday’s open, while the Dow Jones Industrial Average remained relatively unchanged.

Bonds were also on the decline on Wednesday, with the 10-year Treasury yield note falling to 3.313% following a weak ADP payrolls report that simultaneously indicated a rise in the demand for gold.

Stock declines followed Tuesday’s release of the monthly Job Openings and Labor Turnover Survey (JOLTS), which showed 9.93 million job openings in February, down from over 10.5 million in January. This amount was also lower than the 10.5 million that was forecast.

Although 145,000 jobs were added in March, this is still lower than the forecast 210,000 new jobs.

The post Gold Approaches All-Time High as Stocks Fade appeared first on theprimarymarket.com.

The S&P 500 gained 7% in the first quarter during which it enjoyed its best January performance since 2019. The Nasdaq Composite index surged 16.8%, enjoying its best start to the year since 2021, while the Dow Jones Industrial Average managed a meager gain of 0.4%.

Bonds were also strengthened during Q1, with the 10-year U.S. Treasury ending the quarter at 3.54% after beginning the year at 3.88%. The Bloomberg U.S. Aggregate Bond Index gained 2.5% for the quarter.

Commodities were also on the rise, with the price of spot gold increasing 8.5% to $1,977.96 per troy ounce; its highest level since March 2022 and an almost all-time high. West Texas Intermediate (WTI) crude contracts declined by 3.6% to $75.56 per barrel.

The post U.S. Stocks, Bonds, Gold Rise In Q1 Despite Volatility appeared first on theprimarymarket.com.

Fears of a Chinese offensive against Taiwan have escalated in recent weeks. While anxiety may have subsided following US House Speaker Nancy Pelosi’s visit to Taiwan, tension has begun simmering yet again after China began conducting military drills in the sea surrounding the island.

Going against the grain, gold continued to rise despite Federal Reserve officials pledging to take action in an effort to cool the ongoing soaring inflation. “Gold is pushing higher again this morning as yields ease off this week’s highs and the dollar softens,” Craig Erlam, a senior analyst at Oanda Corp. noted. In his opinion, spot gold could push towards the $1,800 mark.

Rhona O’Connell, an analyst at StoneX, commented that investor sentiment towards bullion may be warming, particularly after a mass selloff in July. “The market will also have noticed that the ETFs are seeing some light buying, which may also influence sentiment,” she explained.

The post Gold Gains Persist Amid US-China Geopolitical Tensions appeared first on theprimarymarket.com.

Futures on the Euro Stoxx 50 rose 0.7%, while in the United States, futures remained relatively static, with futures listed on the S&P 500 and Nasdaq 100 remaining unchanged. Nikkei futures rose by 0.3%, while Hong Kong’s Hang Seng slumped by 1.6%. The Shanghai Composite edged 0.2% higher.

Gold rose by 0.7% to hit a record value of $2,389.34 an ounce. As supply uncertainty rises due to Middle East tensions, with West Texas Intermediate crude rising by 0.8% to $85.69 per barrel. In cryptocurrencies, Bitcoin rose 0.6% to $70,940.49 while Ether was up 0.5% to $3,543.65.

The post European Stocks Rises as Gold Hits Fresh Record appeared first on theprimarymarket.com.

New York stock futures largely declined, with S&P 500 and Nasdaq 100 futures each falling by 0.2%. Those on the Dow Jones Industrial Average slumped by 0.3%. The Stoxx Europe 600 fell by 0.3%, as did the MSCI Asia Pacific Index.

Having closed above $2,000 per ounce on Friday, spot gold rose by a further 0.6% to $2,013.31 per ounce. The bond market remained relatively static, with the 10-year US Treasury yield rising 0.2% while the German and the UK equivalents remained little changed. The price of Brent crude slumped by 1.2% to $79.65 per barrel.

The post Stocks Sink Lower, Gold Surges Amid China Industrial Downturn appeared first on theprimarymarket.com.

Gold rose despite other commodities and stocks embarking on a downward trajectory. With US retail sales remaining resilient in the face of stubborn inflation, the Federal Reserve has been given more reason not to give up on its tight fiscal policy. Usually, rising interest rates signal a decline in gold prices.

Since the terrorist attack carried out against Israel by Hamas on October 7, the price of bullion has rocketed over 6% upwards. Before the outbreak of the conflict, the metal had been trading near a seven-month low.

The post Price of Gold Rises to Four-Week High appeared first on theprimarymarket.com.

“It’s a one-two punch for gold. … If a deal is done over the weekend, then that will remove the biggest risk off the table,” Edward Moya, senior market analyst at OANDA observed. Spot gold prices fell 0.87% to $1,939.97 an ounce, with gold futures sinking 1.1% to $1,943.70.

The U.S. dollar moved in the opposite direction, with the dollar index rising to 104.25, thereby showing that the greenback is strengthening against other major currencies. Treasury yields were also up.

U.S. stocks were mixed, with the S&P 500 and Nasdaq Composite gaining 0.88% and 1.71% respectively, while the Dow Jones Industrial Average sunk 0.11% lower. The STOXX 600 Europe index edged 0.3% lower.

Oil prices dropped after Russian Deputy Prime Minister Alexander Novak dismissed the prospect of a further OPEC+ production cut next week. U.S. crude dropped 3.38% to $71.83 a barrel, while Brent crude futures traded 2.7% lower at $76.25 a barrel.

The post Gold Falls to Two-Month Low as Debt Ceiling Talks Progress appeared first on theprimarymarket.com.

Kolanovic’s reasons for distributing this advice are the Federal Reserve’s still-hawkish monetary policy, the ongoing U.S. debt talks that appear to be deadlocked, as well as increased recessions risks.

“Hopes of a swift resolution to the US debt ceiling have somewhat bolstered market sentiment,” Kolanovic stated in a note to clients. “Despite last week’s rebound, risk assets are failing to break out of this year’s ranges, and if anything credit and commodities are trading at the lower end of this year’s ranges.

The JPMorgan advisor continued that even though equities are trading near this year’s highs, the investment company’s model portfolio has suffered a third loss in the last four months.

The post Cut Stocks, Hold Onto Cash, JPMorgan Strategist Advises appeared first on theprimarymarket.com.

While gold raced towards historic highs, the tech-heavy Nasdaq Composite Index declined by 0.3%. The S&P 500 was down 0.15% at Wednesday’s open, while the Dow Jones Industrial Average remained relatively unchanged.

Bonds were also on the decline on Wednesday, with the 10-year Treasury yield note falling to 3.313% following a weak ADP payrolls report that simultaneously indicated a rise in the demand for gold.

Stock declines followed Tuesday’s release of the monthly Job Openings and Labor Turnover Survey (JOLTS), which showed 9.93 million job openings in February, down from over 10.5 million in January. This amount was also lower than the 10.5 million that was forecast.

Although 145,000 jobs were added in March, this is still lower than the forecast 210,000 new jobs.

The post Gold Approaches All-Time High as Stocks Fade appeared first on theprimarymarket.com.

The S&P 500 gained 7% in the first quarter during which it enjoyed its best January performance since 2019. The Nasdaq Composite index surged 16.8%, enjoying its best start to the year since 2021, while the Dow Jones Industrial Average managed a meager gain of 0.4%.

Bonds were also strengthened during Q1, with the 10-year U.S. Treasury ending the quarter at 3.54% after beginning the year at 3.88%. The Bloomberg U.S. Aggregate Bond Index gained 2.5% for the quarter.

Commodities were also on the rise, with the price of spot gold increasing 8.5% to $1,977.96 per troy ounce; its highest level since March 2022 and an almost all-time high. West Texas Intermediate (WTI) crude contracts declined by 3.6% to $75.56 per barrel.

The post U.S. Stocks, Bonds, Gold Rise In Q1 Despite Volatility appeared first on theprimarymarket.com.

Fears of a Chinese offensive against Taiwan have escalated in recent weeks. While anxiety may have subsided following US House Speaker Nancy Pelosi’s visit to Taiwan, tension has begun simmering yet again after China began conducting military drills in the sea surrounding the island.

Going against the grain, gold continued to rise despite Federal Reserve officials pledging to take action in an effort to cool the ongoing soaring inflation. “Gold is pushing higher again this morning as yields ease off this week’s highs and the dollar softens,” Craig Erlam, a senior analyst at Oanda Corp. noted. In his opinion, spot gold could push towards the $1,800 mark.

Rhona O’Connell, an analyst at StoneX, commented that investor sentiment towards bullion may be warming, particularly after a mass selloff in July. “The market will also have noticed that the ETFs are seeing some light buying, which may also influence sentiment,” she explained.

The post Gold Gains Persist Amid US-China Geopolitical Tensions appeared first on theprimarymarket.com.