Gold Price and Crude Oil Price Eye Additional Gains

Gold price started a downside correction from $2,485. Crude oil prices are also moving lower from the $82.20 resistance zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,485 zone before there was a pullback against the US Dollar. A key bearish trend line is forming with resistance […]

In its February meeting, the Bank of England kept interest rates unchanged at 5.25%, the highest in 16 years. While one policymaker advocated for a rate cut, the central bank refrained from signaling any imminent changes, citing the need for further evidence on inflation. With inflation stable at 4.0% y/y in January and the economy […]

Summary The FOMC surprised some market participants today by reducing the target range for the federal funds rate by 50 bps. Concerns about the state of the labor market appear to have been the primary driver of the 50 bps move. But the FOMC signaled that it may not necessarily follow today’s 50 bps rate […]