Monthly Archives: November 2024
Gold Gain on Russia-Ukraine Tension
Written on November 28, 2024 at 5:40 am, by
Market Summary Gold extended its rally for a third consecutive session this week, gaining nearly 3% since Monday as the intensifying conflict between Russia and Ukraine drove safe-haven demand. Tensions escalated after Ukraine deployed U.S.-supplied missiles, prompting Russian President Putin to approve the use of nuclear deterrents in response. Oil prices, meanwhile, remain at elevatedContinue Reading
Oil Rally on Russia-Ukraine Heighten Tension
Written on November 28, 2024 at 5:37 am, by
Market Summary Oil prices continued to rally amid escalating geopolitical tensions in Eastern Europe, as the U.S. greenlit Ukraine’s use of long-range missiles, intensifying regional strain. This geopolitical backdrop has spurred a safe-haven rally, with gold rising nearly 2% so far this week as the dollar softened. However, riskier assets have seen momentum pause. Bitcoin,Continue Reading
Oil Rally on Russia-Ukraine Heighten Tension
Written on November 28, 2024 at 5:36 am, by
Market Summary Oil prices continued to rally amid escalating geopolitical tensions in Eastern Europe, as the U.S. greenlit Ukraine’s use of long-range missiles, intensifying regional strain. This geopolitical backdrop has spurred a safe-haven rally, with gold rising nearly 2% so far this week as the dollar softened. However, riskier assets have seen momentum pause. Bitcoin,Continue Reading
