Commodities market comment
Today’s market analysis on behalf of Ahmad Assiri Research Strategist at Pepperstone
Gold
Amidst the shifting sands of global trades, gold continues to shine as a pivotal hedge against the turbulence wrought by tariff policies and trade war. With the rollout of tariffs on imports from Canada and Mexico, coupled with ramped-up duties on China, there has been a noticeable surge in gold buying. This...
Gold Ends -Eigh Wteek Winning Streak, Hits New Low Near $2,833/Oz
Written by Linh Tran, Market Analyst at XS.com
Gold ended last week down near $2,858 per ounce as economic data indicated a complex inflation situation and the strength of the U.S. dollar was reinforced by market expectations that the Fed would maintain its hawkish stance.
Last Friday, gold officially ended an eight-week winning streak. On the same...
Global NFT Sales Slumped 76% YoY to $638M in December
The once-booming NFT market is down by nearly every trackable metric as nonfungible tokens continue...
The Dubai Real Estate Market Sales Transactions Grew by More Than 40 Percent in H1 2021
After record breaking month-on-month transactions and quarterly results for...
Sales of Recreational Cannabis Topped $320M Amid COVID-19 Pandemic
The use of recreational cannabis increased significantly during the COVID-19 pandemic, much more so than other...
Uber Eats Bookings Up By 113% as Uber Ride-Sharing Platform Revenues Drop By 67%, Lyft Revenues Drop by 61%
According to the statistics analyzed and...
How can machine learning help the businesses achieve competitive edge?
Machine learning is an innovative technology that is still in its initial stage but it...
