Aluminium Deficit Persists Despite Higher Global Output, ING Reports
A new report from ING highlights a persistent deficit in the global aluminium market, even as production levels continue to rise. The analysis
Forex News
Forex News
Gold Price Forecast: XAU/USD Holds Above $4,100 as Bearish Momentum Intensifies
Gold prices are holding above the psychologically significant $4,100 level, but the precious metal faces mounting bearish pressure as technical indicators flash warning
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Euro Pulls Back Against Sterling as Mixed PMI Data Caps Rally
The euro trimmed its intraday gains against the British pound on Wednesday, as a batch of moderately positive but uneven Eurozone Purchasing Managers’
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Gold Slips Below $4,100 as Dollar Surges to Highest Level Since May 2025
Gold prices have fallen below the key psychological threshold of $4,100 per ounce during early trading on Wednesday, as the U.S. dollar index
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UK Services PMI Unexpectedly Drops to 48.7 in June, Signaling Contraction
The United Kingdom’s flash S&P Global Services Purchasing Managers’ Index (PMI) arrived at 48.7 for June, significantly below the consensus estimate of 50.0
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US S&P Global PMI Expected to Hold Steady in June, Signaling Resilient Business Activity
Economists and market analysts are closely watching the upcoming release of the US S&P Global Purchasing Managers’ Index (PMI) for June, with expectations
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Indian Rupee Slips Against US Dollar as Hawkish Fed Bets Weigh on Sentiment
The Indian Rupee extended its decline against the US Dollar on Wednesday, pressured by growing expectations that the Federal Reserve will maintain a
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Gold price extends losses into fourth consecutive week: Is the safe-haven bid finally cracking?
Gold prices have slipped for a fourth consecutive week, marking one of the longest losing streaks for the precious metal in recent months.
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WTI rebounds toward $73.50 as Iran nuclear uncertainty fuels geopolitical risk
West Texas Intermediate (WTI) crude oil rebounded toward the $73.50 per barrel mark on Wednesday, recovering from earlier losses as persistent uncertainty surrounding
Forex News
Pound Slips Against Resilient Dollar as UK PMI Data Disappoints
The British pound extended its intraday losses against a broadly stronger US dollar on Monday, following the release of weaker-than-expected UK Purchasing Managers’