Weekly Economic Overview – Past Week
Last week showed mixed performance across global economic indicators. The US trade deficit widened to $78.3 billion, while initial jobless claims increased to 237,000. US crude oil inventories rose by 2.415 million barrels, and job openings declined to 7.181 million. Private sector nonfarm payrolls, according to ADP, fell to 54,000, and the official nonfarm payroll […]
Gold Price Milestone: Key Drivers Behind the Surge
Gold prices continue their upward trajectory, reaching $3,579 yesterday, marking a new all-time high. The metal is currently hovering around $3,530, and has gained approximately 35% year-to-date, outperforming high-risk assets such as Bitcoin and major U.S. stock indices. Key Drivers Behind the Bullish Momentum in Gold: Shift Away from Long-Term Government Bonds: Investors are pulling […]
Geopolitical and Trade Factors Support Oil Prices Despite Pressure from the Dollar and Supply
Crude oil prices rose to $69.53 yesterday, the highest level since August 4, 2025, and are currently hovering near $69.00 per barrel amid ongoing uncertainty in the oil market driven by mixed factors. Still, oil prices remain down 7% since the beginning of the year. The positive factors supporting oil prices include: Despite U.S. President […]
Silver Hits Highest Level Since 2011, Outperforming Gold, Bitcoin, and Global Equity Indices
Silver continues its upward trajectory, recording $40.85 today — its highest level since September 2011 — and is currently trading above the $40.00 mark. The metal has surged about 44% from its April 7, 2025 low of $28.36, reaching today’s peak. Since the start of the year, silver has climbed around 41%, outperforming risk assets […]
Coffee Futures Continue to Rise, Reaching Highest Level Since May 2025
Arabica coffee futures in New York continue their upward trend, recording $391 yesterday — the highest level since May 7, 2025 — and marking a 20% increase since the beginning of the year. Prices are currently hovering around the $380 level. These contracts also surged by approximately 70% over the past year. The reasons behind […]
Gold Holds Firm Amid Trade and Geopolitical Tensions and Questions Over Fed Independence
Gold prices gained about 1% last week and have extended their rise by 0.50% so far this week, supported by several key factors: Fed Policy Outlook: Federal Reserve Chair Jerome Powell hinted during his speech at the Jackson Hole Symposium on Friday at potential interest rate cuts. This boosted the attractiveness of gold, which offers […]
French Political Risks Threaten French Assets Amid Weak Economy
European stock indices declined collectively and significantly yesterday, including France’s CAC 40, Germany’s DAX, the UK’s FTSE 100, and Europe’s STOXX 600, despite their strong performance since the beginning of the year. The decline was mainly driven by the political crisis in France, after Prime Minister François Bayrou’s call for a confidence vote on September […]
Ethereum Records Historic Gains of Over 258% Since April
Ethereum, the world’s second-largest cryptocurrency by market capitalization (around $555 million) after Bitcoin, reached an all-time high of 4,956 dollars on Sunday, August 24. Prices have surged nearly 258% since bottoming out at around 1,383 dollars on April 7, climbing to Sunday’s peak of 4,956 dollars. Year-to-date, Ethereum has advanced approximately 33%, outperforming Bitcoin’s 18%, […]
Brief Overview of Last Week’s Key Economic Events
Last week witnessed notable global economic events. In the United States, the Fed minutes indicated that inflation remains the biggest risk despite the resilience of the labor market, while Jerome Powell hinted at the possibility of a rate cut during Jackson Hole, amid mixed data that included a sharp drop in oil inventories, an increase […]
How Are U.S. Assets Moving Ahead of Powell’s Speech at the Jackson Hole Symposium?
U.S. markets are trading with extreme caution ahead of the much-anticipated speech by Jerome Powell, the head of the world’s largest central bank — the U.S. Federal Reserve — at the Jackson Hole Symposium today. Global attention from markets, investors, analysts, and economists is focused on Powell’s tone, especially regarding the path of U.S. monetary […]
