Daily Insight

Market Recap On Thursday, US markets closed lower, led by steep declines in the tech sector. The Nasdaq broke key support, and the S&P 500 erased its post-election gains. Nvidia shares tumbled 8.5% after earnings, dragging the broader market down. Meanwhile, Trump confirmed that tariffs on Canada, Mexico, and China will take effect on March […]

Market Recap On Thursday, the US dollar soared past 107 as Trump’s tariff schedule became clearer, putting pressure on gold. The metal dropped over $50 from its daily high, closing down more than 1% at $2,876.99 per ounce. Meanwhile, crude oil rebounded over 2%, with WTI crude futures climbing back above $70 per barrel, driven […]

Market Recap On Wednesday, Nvidia smashed earnings expectations but the U.S. markets closed mixed, with the S&P 500 and Nasdaq snapping a four-day losing streak. However, the Federal Reserve’s preferred recession indicator flashed another warning sign. The 10-year U.S. Treasury yield dipped below the 3-month Treasury yield, triggering an inverted yield curve, a historically reliable […]

Market Recap Gold recovered after testing lows, closing near flat as tariff uncertainty provided support. Meanwhile, oil extended losses, closing below $69 as rising U.S. fuel inventories and prospects of a Russia-Ukraine peace deal weighed on prices. Gold Overview Gold saw choppy trading on Wednesday, briefly dipping to $2,890.75 before rebounding above $2,910 amid ongoing tariff […]

Market Recap On Wednesday, US markets ended mixed, with the Nasdaq and S&P 500 declining for the fourth consecutive session. Tesla plunged over 8%, bringing its market cap below $1 trillion. Market sentiment weakened as U.S. consumer confidence posted its steepest drop in nearly four years. Investors remain wary of policy uncertainties under Trump’s administration […]

Market Recap Gold briefly fell below $2,900 per ounce on Tuesday as investors took profits, but safe-haven demand from Trump’s tariff plans and a weaker dollar helped prices recover. Meanwhile, crude oil dropped to a two-month low as weak economic data from the U.S. and Germany raised concerns about slowing energy demand, and Iraq signed […]

Market Recap On Friday, US markets closed lower as the S&P 500 retreated from a record high, with the Dow Jones dropping 450 points. Retail giant Walmart’s weaker-than-expected earnings outlook weighed on major indices. Meanwhile, Atlanta Fed President Raphael Bostic projected two rate cuts in 2025 but warned of rising uncertainty. On the economic front, […]

Market Recap On Monday, gold reached a record high amid rising safe-haven demand and increased holdings by the world’s largest gold-backed ETF. Gold briefly touched $2,956.23, marking its 11th record high of the year, before closing at $2,952.29 per ounce. Meanwhile, oil edged higher as new U.S. sanctions on Iran and Iraq’s commitment to balance […]

Market retreat as Alibaba surges over 8% on strong earnings. Dow drops 450 points, weighed down by weak retail forecasts and rate uncertainty.

Gold sets a new record for the 10th time this year amid economic uncertainty, while oil extends its rally for the third day in a row.