Market Recap for 25-July-2024
Gold prices (XAU/USD) fell for the second consecutive day, reaching a two-week low during the Asian session on Thursday. However, some buying interest emerged around $2,365, which helped to mitigate the losses.
The anticipation expectation that the Federal Reserve will begin cutting rates in September is keeping the US Dollar weak, which provides a tailwind for the non-yielding yellow metal.
On Wednesday, US stocks dropped sharply, particularly in the tech sector, following disappointing earnings reports from major companies.
The Nasdaq Composite fell over 3%, marking its worst day since 2022. The S&P 500 dropped more than 2%, and the Dow Jones fell by over 500 points. Tesla shares plummeted 12% after missing earnings estimates and reporting a significant decline in auto revenue.
Dear Valued Clients, Please be advised that the leverage on all US Share CFDs products will…
Overview of the Event The Money Expo Qatar 2024 was held at the Doha Exhibition…
Dear Valued Clients, STARTRADER always prioritizes the interests of clients. With two-factor authentication (2FA), we…
Dear Valued Clients, Please be advised that the following CFD instruments will be automatically rolled…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
Dear Valued Clients, Please be informed that the trading hours for the following products will…
This website uses cookies.