Jerry Lin
The Latest
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Gold Prices Nears Record High Amid Falling US Yields and Central Bank Rate Cuts, Analysts Predict Further Gains
Gold prices edged closer to record highs on Wednesday, boosted by a pullback in U.S. Treasury yields and growing expectations of rate cuts by central banks. Spot gold rose 0.5% to $2,673.77 per ounce by mid-morning in New York, approaching the record high of $2,685.42 set in late September. U.S. gold futures also saw gains, increasing 0.4% to $2,690.50. 
Gold prices edged closer to record highs on Wednesday, boosted by a pullback in U.S. Treasury yields and growing expectations of rate cuts by central banks. Spot gold rose 0.5% to $2,673.77 per ounce by mid-morning in New York, approaching the record high of $2,685.42 set in late September. U.S. gold futures also saw gains, increasing 0.4% to $2,690.50. -
Chinese Stocks Teeter on Correction as Stimulus Uncertainty Shakes Investor Confidence; Global Markets React
Chinese stocks edged closer to a technical correction on Wednesday, reflecting growing investor frustration over Beijing's delayed rollout of economic stimulus measures. The CSI 300 Index, a benchmark tracking top companies listed in Shanghai and Shenzhen, fell 0.6%, taking its decline since October 8 to nearly 10%. Meanwhile, the Hang Seng Index in Hong Kong experienced volatile trading before managing a modest 0.4% gain in late afternoon trading. 
Chinese stocks edged closer to a technical correction on Wednesday, reflecting growing investor frustration over Beijing's delayed rollout of economic stimulus measures. The CSI 300 Index, a benchmark tracking top companies listed in Shanghai and Shenzhen, fell 0.6%, taking its decline since October 8 to nearly 10%. Meanwhile, the Hang Seng Index in Hong Kong experienced volatile trading before managing a modest 0.4% gain in late afternoon trading. -
Oil Prices Plunge as Israel Confirms No Strike on Iranian Oil
Oil prices dropped sharply on Tuesday, with U.S. crude falling nearly 5% after reports that Israel is not planning to strike Iran's oil facilities, alleviating fears of a major disruption in the global oil supply. West Texas Intermediate (WTI) crude futures for November delivery settled at $70.15 per barrel, down $3.68, or 4.98%, marking one of the largest single-day declines in recent weeks. Brent crude, the global benchmark, also saw a significant drop, falling 4.7% to $73.82 per barrel. 
Oil prices dropped sharply on Tuesday, with U.S. crude falling nearly 5% after reports that Israel is not planning to strike Iran's oil facilities, alleviating fears of a major disruption in the global oil supply. West Texas Intermediate (WTI) crude futures for November delivery settled at $70.15 per barrel, down $3.68, or 4.98%, marking one of the largest single-day declines in recent weeks. Brent crude, the global benchmark, also saw a significant drop, falling 4.7% to $73.82 per barrel. -
China Stocks Plunge After Disappointing Trade Data, Hang Seng Falls 4% Amid Economic Concerns
Chinese stocks experienced a significant drop on Tuesday, with the Hang Seng Index plunging nearly 4% and the CSI 300 falling more than 2%, as disappointing trade data and concerns over the government's economic stimulus efforts rattled investors. The steep declines follow the release of underwhelming September trade figures, which revealed weaker-than-expected export and import growth, intensifying concerns over China's slowing economy. 
Chinese stocks experienced a significant drop on Tuesday, with the Hang Seng Index plunging nearly 4% and the CSI 300 falling more than 2%, as disappointing trade data and concerns over the government's economic stimulus efforts rattled investors. The steep declines follow the release of underwhelming September trade figures, which revealed weaker-than-expected export and import growth, intensifying concerns over China's slowing economy. -
Central Banks Continue Gold Buying Spree Amid Price Rally and Economic Uncertainty
Central banks are continuing to buy gold to diversify their reserves, even amid a notable rally in the metal's price, representatives from several central banks said at the London Bullion Market Association's (LBMA) annual conference in Miami on Monday. Despite elevated global interest rates and gold's spot price surging by 28% this year, gold remains a crucial asset for financial security and strategic reserve diversification. 
Central banks are continuing to buy gold to diversify their reserves, even amid a notable rally in the metal's price, representatives from several central banks said at the London Bullion Market Association's (LBMA) annual conference in Miami on Monday. Despite elevated global interest rates and gold's spot price surging by 28% this year, gold remains a crucial asset for financial security and strategic reserve diversification. -
Crude Oil Prices Drop as OPEC Lowers Demand Forecast and Chinese Stimulus Disappoints
Crude oil prices experienced a sharp decline on Monday, falling nearly 2%, as the Organization of the Petroleum Exporting Countries (OPEC) revised its global demand forecast downward for the third consecutive time. Additionally, vague announcements from China regarding its economic stimulus efforts failed to reassure markets, contributing to the drop in oil futures. 
Crude oil prices experienced a sharp decline on Monday, falling nearly 2%, as the Organization of the Petroleum Exporting Countries (OPEC) revised its global demand forecast downward for the third consecutive time. Additionally, vague announcements from China regarding its economic stimulus efforts failed to reassure markets, contributing to the drop in oil futures. -
Oil Prices Surge Amid Middle East Tensions and U.S. Storm Threats
Oil prices experienced a notable rebound on Thursday, driven by concerns over the geopolitical tensions between Israel and Iran, as well as disruptions caused by a hurricane making landfall in Florida. These factors have prompted heightened market volatility, leaving investors cautious about the potential for further conflict in the Middle East and its impact on global oil supply. 
Oil prices experienced a notable rebound on Thursday, driven by concerns over the geopolitical tensions between Israel and Iran, as well as disruptions caused by a hurricane making landfall in Florida. These factors have prompted heightened market volatility, leaving investors cautious about the potential for further conflict in the Middle East and its impact on global oil supply. -
U.S. Jobless Claims Surge to 258,000 Amid Hurricane Helene Impact and Boeing Strike
Unemployment claims in the U.S. surged to their highest level in more than a year last week, driven by the aftermath of Hurricane Helene and widespread furloughs at Boeing. The Labor Department reported that initial claims for state unemployment benefits increased by 33,000 to a seasonally adjusted 258,000 for the week ending October 5, far exceeding economists' expectations of 230,000. The rise in claims marks the most significant jump since August 2023. 
Unemployment claims in the U.S. surged to their highest level in more than a year last week, driven by the aftermath of Hurricane Helene and widespread furloughs at Boeing. The Labor Department reported that initial claims for state unemployment benefits increased by 33,000 to a seasonally adjusted 258,000 for the week ending October 5, far exceeding economists' expectations of 230,000. The rise in claims marks the most significant jump since August 2023. -
Inflation Edges Up to 2.4% in September; Rising Jobless Claims Signal Economic Strain
The U.S. economy faced mixed signals in September as inflation ticked up slightly, while jobless claims reached their highest levels since August 2023, according to the latest Labor Department data. The consumer price index (CPI), which tracks the costs of goods and services, increased by 0.2% month-over-month, raising the annual inflation rate to 2.4%. This figure was marginally higher than analysts' expectations and has raised questions about the Federal Reserve's next move on interest rates. 
The U.S. economy faced mixed signals in September as inflation ticked up slightly, while jobless claims reached their highest levels since August 2023, according to the latest Labor Department data. The consumer price index (CPI), which tracks the costs of goods and services, increased by 0.2% month-over-month, raising the annual inflation rate to 2.4%. This figure was marginally higher than analysts' expectations and has raised questions about the Federal Reserve's next move on interest rates. -
China’s Stock Market Rallies on Stimulus Hopes, U.S. Inflation Data Looms Large
China's stock market witnessed a robust rebound this week, driven by investor optimism around potential economic stimulus measures. This recovery comes amid a backdrop of global market volatility and the anticipation of crucial inflation data from the United States. 
China's stock market witnessed a robust rebound this week, driven by investor optimism around potential economic stimulus measures. This recovery comes amid a backdrop of global market volatility and the anticipation of crucial inflation data from the United States.
