EUR/USD
1.16609
0.146%
Gold
3912.82
-1.715%
Oil
59.802
-2.506%
USD/JPY
151.957
-0.599%
GBP/USD
1.33269
-0.055%
GBP/JPY
202.515
-0.649%
Real-time News
London Bullion Market Association (LBMA) survey: Silver price is expected to reach US$59.1 per ounce in one year.London Bullion Market Association (LBMA) survey: Gold prices are expected to reach US$4,980.3 per ounce in one year.On October 28, oil prices fell for the third consecutive trading day on Tuesday as the negative impact of OPEC+s production increase plan on oil prices outweighed the boost from trade optimism. Sources said that OPEC+ is inclined to increase production slightly again in December. Previously, the Trump administrations sanctions on two Russian oil companies significantly boosted oil prices, and investors are now wondering whether these sanctions are still effective. The head of the International Energy Agency, Fatih Birol, said: "The sanctions that some countries are imposing or considering on certain countries may push up crude oil prices. But in my opinion, this impact is still limited, and our oil prices are still around $60 because we have a lot of excess production capacity and a lot of oil."Britain’s 30-year bond yield fell to its lowest level since April 7 at 5.159%, down about 2 basis points on the day.On October 28, Citigroup economist Jin-Wook Kim stated in a report that the Bank of Korea (BOK) may raise its growth forecasts for 2025 and 2026 at its November 27 policy meeting. Stronger-than-expected GDP growth in South Korea in the third quarter and a rebound in semiconductor exports may prompt the BOK to raise its economic growth forecasts for 2025 and 2026 to 1.0% and 1.9%, respectively, from 0.9% and 1.6%, respectively, as reported in August. Kim stated that the latest above-potential quarterly economic growth may ease the central banks concerns about a negative GDP output gap. He believes the BOKs current interest rate cycle has ended near its policy rate of 2.50%.
