GOLD PRICE FORECAST FOR 2025: WILL ANOTHER RECORD YEAR BE ACHIEVED? Gold saw a 25% increase, reaching a record high of $2,790, fueled by geopolitical tensions and a shift towards looser monetary policies. The influence of US President-elect Donald Trump’s policies is expected to affect gold prices in
US natural gas inventories dropped by 93 billion cubic meters (bcm) in the week ending December 20. This was less than the expected decline of 100 bcm. The previous week saw a larger drop of 125 bcm. The data was reported by the US Energy Information Administration
U.S. oil stocks dropped more than expected. This is the third week in a row of larger-than-expected declines. Data came from the U.S. Energy Information Administration (EIA). Markets had expected oil stocks to increase, but they fell instead.
The U.S. dollar is having its strongest year in nearly a decade. A strong U.S. economy has reduced expectations of interest rate cuts by the Federal Reserve. President-elect Donald Trump's tariff threats have increased confidence in the dollar. The Bloomberg Dollar Spot Index has risen over
The Federal Reserve managed to avoid a US recession in 2024. It achieved a "soft landing" by using high interest rates to reduce inflation without causing major economic problems. Unemployment increased slightly but stayed manageable. The economy stayed strong throughout the year. The Fed started lowering interest rates
TOP 5 STOCK PICKS FOR 2025 AMID EXPECTED MARKET UNCERTAINTY US stocks had a strong showing for the second consecutive year. Experts foresee moderating returns and higher market uncertainty in 2025. Goldman Sachs forecasts the S&P 500 to close at 6,500 by the end of 2025, implying
EUR/USD RISES AS ECB SIGNALS DELAY IN RATE CUTS DUE TO INFLATION CONCERNS EUR/USD appreciates for the third consecutive day, trading near 1.0430. Traders expect ECB to delay further rate cuts following recent inflation uptick. ECB’s Holzmann attributes inflationary pressures to Trump's tariffs despite
The crash occurred at Muan International Airport on Sunday. The flight, Jeju Air flight 7C2216, was arriving from Bangkok, Thailand. There were 175 passengers and 6 crew members on board. The plane attempted to land around 9 a.m., but belly-landed and went off the runway. The plane caught fire
Oil prices went up by more than 1% on Friday. The increase was due to a bigger-than-expected drop in U.S. crude stocks. Brent crude rose by 91 cents to $74.17 per barrel. U.S. West Texas Intermediate crude rose by 98 cents to $70.60 per barrel. The
South Korea Economic Updates (December 30, 2024) Increased by 0.1% year-on-year (YoY), below the estimated +0.5%. Decreased by 0.7% month-on-month (MoM), exceeding the expected decline of -0.5%. Cyclical Leading Index: Rose by 0.1 point MoM in November. South Korea will monitor financial markets closely. Government
US DOLLAR SET TO RECORD A NEW WEEKLY GAIN The US dollar rose on Friday, continuing its gains from the previous day. The rise is supported by the increase in US 10-year Treasury yields. The dollar is on track for a fourth consecutive weekly gain. Expectations of a US interest
JAPANESE YEN STRENGTHENS AFTER TOKYO CPI DATA SUPPORTS BOJ RATE HIKE The Japanese Yen (JPY) appreciated after the release of Tokyo CPI inflation data. Tokyo CPI rose to 3.0% YoY in December, up from 2.6% in November. Excluding Fresh Food and Energy, the Tokyo CPI increased to 2.