Tag Archives: retreat

Weekly recap: Uncertainty moves markets into retreat from highs

Weekly recap: Uncertainty moves markets into retreat from highs

Global markets are set to finish the week lower due to uncertainties surrounding the economic and political landscape ahead of the US presidential election and the Japanese general election. Risk-off sentiment shaped market trends as precious metal prices surged. ADVERTISEMENT Both European and US markets retreated from all-time highs and are likely to end the week lower as the rally …

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Oil and gold retreat as fears of a widening Middle East war diminish

Oil and gold retreat as fears of a widening Middle East war diminish

Easing fears of a potential Israeli attack on Iran’s oil facilities have sent both oil and global prices sharply lower on Tuesday. However, volatility is likely to persist, with critical economic events later this week. ADVERTISEMENT Both oil and gold prices fell sharply on Tuesday amid potential ceasefire talks between Israel and Hezbollah, the Iran-backed Lebanese military group. Oil futures …

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