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Monthly Archives: November 2024

Middle East Conflicts Intensify, Gold Jump

Written on November 1, 2024 at 6:16 am, by

Market Summary Gold surged to a record high, nearing the $2730 mark per ounce, as worsening tensions in the Middle East escalated. The situation intensified after a Hezbollah drone explosion near the Israeli Prime Minister’s private residence, prompting discussions of retaliation from Israel, which fueled the safe-haven demand for gold. Similarly, silver (XAGUSD) soared toContinue Reading

Categories: Daily Market Analysis

Gold Surge to New High Amid Intensify Geopolitical Risk

Written on November 1, 2024 at 6:13 am, by

Market Summary Gold surged to the $2700 mark in the last session as heightened geopolitical risks in the Middle East spurred demand for safe-haven assets. Reports of the Israeli military killing Hamas leader Yahya Sinwar, a key figure behind the attacks that escalated into the Gaza war, have intensified market concerns, driving gold’s upward momentum.Continue Reading

Categories: Daily Market Analysis

Dow Jones Set New High on Earnings Optimism

Written on November 1, 2024 at 6:13 am, by

Market Summary The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks such as Goldman Sachs, Morgan Stanley, and Bank of America, which exceeded earnings expectations, have further fueled risk appetite in the U.S. equity market. This optimism hasContinue Reading

Categories: Daily Market Analysis

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