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Monthly Archives: November 2024

Gold Extends its Gain as Geopolitical Tension Heighten

Written on November 28, 2024 at 5:42 am, by

Market Summary The financial market’s focus remains locked on escalating tensions in Eastern Europe after Ukraine launched long-range British missiles into Russian territory, significantly heightening geopolitical risks. This development has intensified demand for safe-haven assets, with gold rallying over 3% since the start of the week. Analysts expect the bullish momentum in gold prices toContinue Reading

Categories: Daily Market Analysis

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

Categories: Daily Market Analysis

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

Categories: Daily Market Analysis

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