Commodity futures
Gold futures contracts on Bursa Malaysia Derivatives ended with a boost on Friday, driven by the steady accumulation of gold reserves by China, contrary to daily market fluctuations. The subtle shifts in global demand were further hinted at by the performance of US stocks, which remained strong despite lacking broad
Commodity futures
Gold's price has touched a three-week high, supported by demand for the safe-haven bullion after US President Donald Trump threatened to impose a 30 per cent tariff on imports from the European Union and Mexico. The Tradeplus Shariah Gold Tracker ETF on Bursa Malaysia climbed 0.92 per
Commodity futures
Gold futures on Bursa Malaysia Derivatives are likely to maintain their upward momentum within a stable range of US$3,300 to US$3,350 next week, driven by ongoing geopolitical tensions. Although rising US Treasury yields and a stronger greenback may exert pressure on the metal, persistent geopolitical risk
Commodity futures
The gold market is likely to experience a stable trading period next week, according to an analyst, due to opposing forces affecting the precious metal. Stephen Innes, managing partner of SPI Asset Management, suggests that the relentless stock market rally in the US and expectations of a US Federal Reserve
Commodity futures
Gold futures contracts on Bursa Malaysia Derivatives retreated on Tuesday, driven by a decrease in geopolitical risks and a shift in investor focus towards monetary dynamics. With the US President's ceasefire deal between Israel and Iran holding, investment manager Stephen Innes from SPI Asset Management noted that markets
Commodity futures
Global risk sentiments improved, leading to a decline in the gold futures contract on Bursa Malaysia Derivatives on Monday. According to an analyst, the contract ended lower as markets reassessed the likelihood of oil supply disruptions, which had initially contributed to the increase in gold prices. Stephen Innes, managing partner
Financial markets
Researchers at the Chengdu University of Technology have investigated the dynamics of thermodynamics by analyzing the multifractal characteristics between the green bond index and energy futures markets. According to the study, the COVID-19 pandemic and the Russia-Ukraine war are identified as significant trend change points, causing changes in multifractal features
Commodity futures
Gold futures on Bursa Malaysia Derivatives are projected to continue their upward trajectory, with a potential gain of 2.5 to 3.0 per cent anticipated in the coming week. This prediction was made by Stephen Innes, managing partner of SPI Asset Management, who pointed out that the next 48
Stock prices
Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) shares plummeted 5.9% and 4.4%, respectively, on Thursday as global crude prices hit a two-month high. Upstream companies Oil India and ONGC, however, eked out modest gains despite gaining as much as 5.1% and 3.2% during the day. Analysts
Stock prices
Fears of supply disruptions due to escalating tensions between the US and Iran have pushed Brent Crude Futures to a two-month high of $69.8, causing oil marketing companies HPCL and BPCL to drop 5.9% and 4.4%, respectively, on Thursday. In contrast, upstream companies Oil India and ONGC
Financial markets
A sudden Israeli attack on Iran's nuclear and ballistic missile facilities has sent shockwaves through financial markets, as fears grow of a regional conflict that could disrupt oil supplies. The tensions come at a time of heightened uncertainty, driven by Trump's tariff policies. The market reaction
Financial markets
The global markets experienced a significant reaction to the escalating Israeli-Iranian conflict, with oil and gold prices exhibiting substantial gains. The oil price surge was evident from the opening of trading, with crude oil futures jumping to $77.62 before settling at $72.24 by 11:29 a.m., representing
