Jerry Lin
The Latest
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Gold Prices Dip Amid Mixed U.S. Jobs Data and Fed Rate Uncertainty
Gold prices slipped in thin holiday trading, reflecting mixed economic signals and market uncertainty surrounding Federal Reserve policy and the anticipated impact of President-elect Donald Trump's return to office. Spot gold declined 0.6% to $2,617.48 per ounce by late Friday morning in New York, erasing Thursday's gains as investors assessed U.S. labor market data and its implications for future interest rates. 
Gold prices slipped in thin holiday trading, reflecting mixed economic signals and market uncertainty surrounding Federal Reserve policy and the anticipated impact of President-elect Donald Trump's return to office. Spot gold declined 0.6% to $2,617.48 per ounce by late Friday morning in New York, erasing Thursday's gains as investors assessed U.S. labor market data and its implications for future interest rates. -
Oil Prices Climb on China Growth Optimism and U.S. Inventory Draws
Crude oil prices advanced on Friday, buoyed by optimism over China's economic recovery and expectations of strong demand in the United States. Both Brent and West Texas Intermediate (WTI) benchmarks were on track for modest weekly gains, bolstered by reports of declining U.S. crude inventories and China's anticipated fiscal stimulus efforts. 
Crude oil prices advanced on Friday, buoyed by optimism over China's economic recovery and expectations of strong demand in the United States. Both Brent and West Texas Intermediate (WTI) benchmarks were on track for modest weekly gains, bolstered by reports of declining U.S. crude inventories and China's anticipated fiscal stimulus efforts. -
Bitcoin Retreats to $95K After Holiday Rally Falls Short of $100K
Bitcoin's highly anticipated rally toward the $100,000 threshold faltered as holiday trading gave way to renewed market volatility, with the cryptocurrency dropping 4% in recent sessions. The decline has reignited discussions about Bitcoin's near-term trajectory and broader trends in the crypto market, as well as its correlation with macroeconomic conditions. 
Bitcoin's highly anticipated rally toward the $100,000 threshold faltered as holiday trading gave way to renewed market volatility, with the cryptocurrency dropping 4% in recent sessions. The decline has reignited discussions about Bitcoin's near-term trajectory and broader trends in the crypto market, as well as its correlation with macroeconomic conditions. -
U.S. Weekly Jobless Claims Steady While Continuing Claims Reach Three-Year High
The U.S. labor market showed mixed signals last week, with new applications for unemployment benefits holding steady while continuing claims rose to their highest level in three years. According to data released by the Labor Department on Thursday, the number of Americans filing initial jobless claims totaled 219,000 for the week ending December 21, a slight decrease of 1,000 from the previous week. This figure came in below the 223,000 forecast by economists, underscoring the labor market's resilience despite ongoing economic uncertainties. 
The U.S. labor market showed mixed signals last week, with new applications for unemployment benefits holding steady while continuing claims rose to their highest level in three years. According to data released by the Labor Department on Thursday, the number of Americans filing initial jobless claims totaled 219,000 for the week ending December 21, a slight decrease of 1,000 from the previous week. This figure came in below the 223,000 forecast by economists, underscoring the labor market's resilience despite ongoing economic uncertainties. -
Russia Turns to Bitcoin to Circumvent Western Sanctions, Finance Minister Confirms
Russia has officially embraced Bitcoin and other digital currencies for international payments as part of its strategy to counteract the impact of Western sanctions, Finance Minister Anton Siluanov revealed in a television interview. The move underscores Moscow's pivot to cryptocurrencies to maintain economic stability and facilitate trade amid increasing restrictions on traditional financial channels. 
Russia has officially embraced Bitcoin and other digital currencies for international payments as part of its strategy to counteract the impact of Western sanctions, Finance Minister Anton Siluanov revealed in a television interview. The move underscores Moscow's pivot to cryptocurrencies to maintain economic stability and facilitate trade amid increasing restrictions on traditional financial channels. -
Gold Slips as Dollar Gains, Markets Await Clarity on Fed’s 2025 Policy
Gold prices edged lower on Monday as the U.S. dollar gained strength and Treasury yields remained elevated, reflecting ongoing uncertainty over Federal Reserve monetary policy in 2025. The market's focus shifted to economic indicators and the potential impact of the incoming Trump administration's policies on financial markets. 
Gold prices edged lower on Monday as the U.S. dollar gained strength and Treasury yields remained elevated, reflecting ongoing uncertainty over Federal Reserve monetary policy in 2025. The market's focus shifted to economic indicators and the potential impact of the incoming Trump administration's policies on financial markets. -
Oil Prices Fall on Fed Rate Concerns and Trump’s Tariff Threats Against EU
Oil prices fell for a second consecutive day as traders grappled with concerns over a slower pace of Federal Reserve rate cuts in 2025 and heightened geopolitical risks, including President-elect Donald Trump's threat to impose tariffs on the European Union. Brent crude dropped near $72 a barrel on Friday, with U.S. West Texas Intermediate (WTI) crude trading at $68.62, marking a weekly decline of more than 3%. 
Oil prices fell for a second consecutive day as traders grappled with concerns over a slower pace of Federal Reserve rate cuts in 2025 and heightened geopolitical risks, including President-elect Donald Trump's threat to impose tariffs on the European Union. Brent crude dropped near $72 a barrel on Friday, with U.S. West Texas Intermediate (WTI) crude trading at $68.62, marking a weekly decline of more than 3%. -
Bitcoin Tests $100,000 Amid Federal Reserve’s Cautious Stance on Rate Cuts
Bitcoin, the world's largest cryptocurrency, wavered around the $100,000 mark on Thursday as market sentiment grappled with the Federal Reserve's tempered outlook for future interest rate cuts. The digital asset dipped as low as $98,695 before rebounding slightly, reflecting heightened volatility after the central bank's latest monetary policy moves. 
Bitcoin, the world's largest cryptocurrency, wavered around the $100,000 mark on Thursday as market sentiment grappled with the Federal Reserve's tempered outlook for future interest rate cuts. The digital asset dipped as low as $98,695 before rebounding slightly, reflecting heightened volatility after the central bank's latest monetary policy moves. -
Bank of Japan Holds Interest Rates Steady as Yen Hits Four-Month Low
The Bank of Japan (BOJ) decided Thursday to maintain its benchmark interest rate at 0.25%, opting for a cautious approach amid global economic uncertainties and domestic inflationary trends. The decision comes as the yen weakened to a four-month low against the dollar, reflecting investor concerns about the central bank's near-term policy direction. 
The Bank of Japan (BOJ) decided Thursday to maintain its benchmark interest rate at 0.25%, opting for a cautious approach amid global economic uncertainties and domestic inflationary trends. The decision comes as the yen weakened to a four-month low against the dollar, reflecting investor concerns about the central bank's near-term policy direction. -
U.S. Economic Growth Revised Up to 3.1% in Q3, Driven by Consumer Spending and Exports
The U.S. economy expanded at an annualized rate of 3.1% in the third quarter of 2024, according to revised figures from the Commerce Department released Thursday. The upward revision, from an initial estimate of 2.8%, highlights the resilience of the American economy even amid high interest rates and global uncertainties. 
The U.S. economy expanded at an annualized rate of 3.1% in the third quarter of 2024, according to revised figures from the Commerce Department released Thursday. The upward revision, from an initial estimate of 2.8%, highlights the resilience of the American economy even amid high interest rates and global uncertainties.
