Jerry Lin
The Latest
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Gold Hits Record High Amid U.S. Election Uncertainty and Geopolitical Tensions
Gold prices reached record highs on Wednesday, driven by geopolitical tensions and uncertainty surrounding the upcoming U.S. presidential election, even as U.S. bond yields climbed and the dollar strengthened. 
Gold prices reached record highs on Wednesday, driven by geopolitical tensions and uncertainty surrounding the upcoming U.S. presidential election, even as U.S. bond yields climbed and the dollar strengthened. -
U.S. Home Sales Hit 14-Year Low as High Mortgage Rates Keep Buyers at Bay
The U.S. housing market saw existing home sales decline to their lowest level since October 2010, according to new data from the National Association of Realtors (NAR). Sales of previously owned homes fell by 1% in September compared with August, hitting a seasonally adjusted annual rate of 3.84 million units. This drop marks a 3.5% decrease from the same time last year, highlighting ongoing struggles in the housing sector as prospective buyers face rising mortgage rates and persistently high home prices. 
The U.S. housing market saw existing home sales decline to their lowest level since October 2010, according to new data from the National Association of Realtors (NAR). Sales of previously owned homes fell by 1% in September compared with August, hitting a seasonally adjusted annual rate of 3.84 million units. This drop marks a 3.5% decrease from the same time last year, highlighting ongoing struggles in the housing sector as prospective buyers face rising mortgage rates and persistently high home prices. -
Oil Prices Slide Amid U.S. Crude Stock Surge but Middle East Tensions Keep Market on Edge
Oil prices took a hit on Wednesday as U.S. crude inventories swelled more than expected, raising concerns about a potential oversupply despite ongoing fears of supply disruptions from the Middle East. Brent crude futures fell by $1.40, or 1.8%, to $74.64 per barrel, while U.S. West Texas Intermediate (WTI) crude futures dropped $1.40, or 2%, to $70.34. Despite the midweek decline, prices remained up by about 2% for the week, buoyed by ongoing conflict in the Middle East that has kept traders cautious. 
Oil prices took a hit on Wednesday as U.S. crude inventories swelled more than expected, raising concerns about a potential oversupply despite ongoing fears of supply disruptions from the Middle East. Brent crude futures fell by $1.40, or 1.8%, to $74.64 per barrel, while U.S. West Texas Intermediate (WTI) crude futures dropped $1.40, or 2%, to $70.34. Despite the midweek decline, prices remained up by about 2% for the week, buoyed by ongoing conflict in the Middle East that has kept traders cautious. -
IMF Raises U.S. Growth Forecast Amid Global Concerns, Cuts Outlook for China and Eurozone
The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast. 
The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast. -
Oil Prices Climb Amid China's Economic Stimulus and Ongoing Middle East Tensions
Oil prices rose again on Tuesday, with Brent crude hitting $75 per barrel as markets reacted to China's latest economic stimulus measures and concerns over potential supply disruptions from ongoing tensions in the Middle East. Investors are weighing the effects of a possible ceasefire in the Gaza conflict alongside China's efforts to reignite its economy, both of which are driving crude prices higher after last week's selloff. 
Oil prices rose again on Tuesday, with Brent crude hitting $75 per barrel as markets reacted to China's latest economic stimulus measures and concerns over potential supply disruptions from ongoing tensions in the Middle East. Investors are weighing the effects of a possible ceasefire in the Gaza conflict alongside China's efforts to reignite its economy, both of which are driving crude prices higher after last week's selloff. -
Bitcoin Approaches $70,000 as Inflows into ETFs Boost Market Sentiment
Bitcoin surged close to the $70,000 mark on Monday, fueled by optimism surrounding the upcoming U.S. presidential election and strong inflows into exchange-traded funds (ETFs). The largest digital asset saw its price rise by 1%, briefly touching $68,252, before paring some of the gains in early New York trading. Smaller cryptocurrencies, including Ether and Solana, traded within narrow ranges, reflecting the cautious but bullish sentiment in the market. 
Bitcoin surged close to the $70,000 mark on Monday, fueled by optimism surrounding the upcoming U.S. presidential election and strong inflows into exchange-traded funds (ETFs). The largest digital asset saw its price rise by 1%, briefly touching $68,252, before paring some of the gains in early New York trading. Smaller cryptocurrencies, including Ether and Solana, traded within narrow ranges, reflecting the cautious but bullish sentiment in the market. -
Gold Hits Record High as Investors Seek Safe Haven Amid Global Uncertainty
Gold rallied for a fifth consecutive day on Monday, reaching a record high amid growing global uncertainties tied to the U.S. election, escalating tensions in the Middle East, and expectations of central banks cutting interest rates. Silver also saw significant gains, hitting its highest level in nearly 12 years as investors flocked to safe-haven assets to protect against market volatility. Gold rallied for a fifth consecutive day on Monday, reaching a record high amid growing global uncertainties tied to the U.S. election, escalating tensions in the Middle East, and expectations of central banks cutting interest rates. Silver also saw significant gains, hitting its highest level in nearly 12 years as investors flocked to safe-haven assets to protect against market volatility. -
Oil Prices Rebound After Steep Decline Amid China's Stimulus Measures
Oil prices rebounded on Monday, regaining some of the losses from last week's steep sell-off as investors responded to China's economic stimulus measures and easing concerns over potential supply disruptions in the Middle East. Brent crude futures rose by $1.05, or 1.4%, to $74.11 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.21, or 1.8%, to $70.43 per barrel by midday trading in London. Last week, Brent fell by more than 7%, while WTI declined by around 8%, marking the contracts' largest weekly losses since early September. 
Oil prices rebounded on Monday, regaining some of the losses from last week's steep sell-off as investors responded to China's economic stimulus measures and easing concerns over potential supply disruptions in the Middle East. Brent crude futures rose by $1.05, or 1.4%, to $74.11 per barrel, while U.S. West Texas Intermediate (WTI) crude climbed $1.21, or 1.8%, to $70.43 per barrel by midday trading in London. Last week, Brent fell by more than 7%, while WTI declined by around 8%, marking the contracts' largest weekly losses since early September. -
Gold Surpasses $2,700 as Middle East Conflict Spurs Safe-Haven Demand
Gold surged past the $2,700 mark for the first time on Friday, driven by growing safe-haven demand amid escalating tensions in the Middle East and expectations of further monetary easing by major central banks. Spot gold rose by 0.6% to $2,709.81 per ounce by midday, briefly touching an all-time high of $2,714 earlier in the session. U.S. gold futures also gained 0.7%, reaching $2,725. 
Gold surged past the $2,700 mark for the first time on Friday, driven by growing safe-haven demand amid escalating tensions in the Middle East and expectations of further monetary easing by major central banks. Spot gold rose by 0.6% to $2,709.81 per ounce by midday, briefly touching an all-time high of $2,714 earlier in the session. U.S. gold futures also gained 0.7%, reaching $2,725. -
Oil Prices on Track for Largest Weekly Decline Since September Amid Demand Concerns
Oil prices are set to experience their largest weekly decline in over a month, driven by concerns about weakening global demand, particularly from China, and a reduction in immediate supply risks from the ongoing conflict in the Middle East. As of Friday, Brent crude futures had slipped by 0.44% to $74.12 a barrel, while U.S. West Texas Intermediate (WTI) crude fell by 0.4% to $70.41 a barrel. Both benchmarks are on track for a drop of more than 6% this week, marking the biggest decline since early September. 
Oil prices are set to experience their largest weekly decline in over a month, driven by concerns about weakening global demand, particularly from China, and a reduction in immediate supply risks from the ongoing conflict in the Middle East. As of Friday, Brent crude futures had slipped by 0.44% to $74.12 a barrel, while U.S. West Texas Intermediate (WTI) crude fell by 0.4% to $70.41 a barrel. Both benchmarks are on track for a drop of more than 6% this week, marking the biggest decline since early September.
