Latest news with #Kudotrade
Wall Street Journal
01-07-2025
- Business
- Wall Street Journal
Gold Futures Rise on Rate-Cut Hopes, Weaker U.S. Dollar
0801 GMT – Gold futures rise on increasing hopes of a U.S. interest rate cut and a weaker U.S. dollar. Futures are up 1.3% at $3,350.20 a troy ounce, and sit up 0.5% on week. The precious metal is rallying for the second day, as expectations grow that the Fed might resume loosening monetary policy later this year, MUFG analysts say in a note. Lower interest rates typically benefit non-interest bearing bullion. The market is now pricing in at least two cuts in 2025, with an upcoming U.S. jobs report seen as the key trigger, MUFG says. At the same time, trade uncertainty persists under President Trump's administration and the dollar has had its worst first-half performance since 1973, MUFG says. Both factors have supported gold's safe-haven demand. ( 2343 GMT — Gold edges higher in the early Asian session, underpinned by Fed rate-cut hopes. 'The metal could find support amid subdued yields and dovish expectations,' Kudotrade's Konstantinos Chrysikos says in an email. 'Markets expect three rate cuts in the U.S. during the second half of the year, which could support non-yielding assets like gold,' the head of Customer Relationship Management says. Worries over the Fed's independence might also drive investors toward the precious metal, Chrysikos adds. Spot gold is 0.2% higher at $3,310.66/oz. (
Khaleej Times
17-06-2025
- Business
- Khaleej Times
Dubai: Gold prices plunge, giving reprieve to jewellery shoppers
Gold jewellery prices were steady on Tuesday morning after plunging Dh4.5 per gram on Monday as precious metal fell below $4,400 per ounce. At 9am UAE time, 24K was trading at Dh409.0 per gram, up from Dh408.5 per gram at the close of the markets, but down from Dh413 per gram at the opening of the markets on Monday. Among the other variants, 22K, 21K and 18K opened at Dh378.75, Dh363.25 and Dh311.25 per gram, respectively, giving a reprieve to jewellery buyers ahead of the summer travel season when residents opt to buy precious metal for gits. Spot gold was trading at $3,392.6 per ounce, down 0.15 per cent. It was trading at $3,418.7 per ounce on Tuesday morning. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Konstantinos Chrysikos, head of customer relationship management at Kudotrade, said gold prices pulled back on Monday as traders take profits, though the broader bullish narrative remains intact. 'The precious metal could continue to find support in geopolitical risks. Tensions in the Middle East remained elevated over the weekend, as Israel and Iran exchanged strikes. Continued risks of escalation could reinforce demand for safe-haven assets. In Eastern Europe, tensions also remain, contributing further to global risk aversion,' he said. On the monetary front, Chrysikos said attention now turns to the upcoming US Federal Reserve policy meeting. 'While the Fed is widely expected to keep rates steady, last week's softer-than-expected inflation data strengthened market conviction that rate cuts could begin as early as September. This outlook could weigh on Treasury yields and benefit non-yielding assets like gold,' he added. Meanwhile, uncertainty surrounding US trade policy also lingers. President Trump is expected to finalise new tariff measures in the coming weeks, and any escalation in trade tensions could further bolster bullion demand.
Wall Street Journal
22-04-2025
- Business
- Wall Street Journal
Gold Rises Amid Likely Safe-Haven Demand
2346 GMT — Gold rises in the early Asian session amid likely safe-haven demand. President Trump on Monday renewed his call for the Fed to immediately cut rates in a post on social media, saying inflation is trending downward and the economy could slow 'unless Mr. Too Late, a major loser, lowers interest rates, NOW.' Trump's push against Fed Chair Powell could fuel more caution on international markets and a flight toward safe-haven instruments and away from U.S. assets, says Konstantinos Chrysikos, head of Customer Relationship Management at Kudotrade, in an email. Spot gold is 0.5% higher at $3,440.04/oz after touching a record intraday high of $3,444.41/oz earlier, ICE data show. (
Zawya
20-03-2025
- Business
- Zawya
Kudotrade launches Kudo Copy Trader: A game-changer in copy trading
Dubai, UAE – Kudotrade, the leading global CFD broker known for its award-winning trading platform, is thrilled to announce the launch of Kudo Copy Trader, an innovative app that allows users to seamlessly replicate the trades of top-performing traders. A practical resource for both beginner and seasoned investors, Kudo Copy Trader empowers users to leverage expert strategies with ease, making trading more accessible and efficient than ever before. With just a few clicks, users can choose from the world's most experienced traders to follow and have their trades automatically mirrored in real time. This new app ensures full transparency, control, and flexibility, allowing investors to diversify their portfolios while benefiting from the knowledge of some of the best investors and market experts. Whether users are new to trading or simply looking to enhance their strategies, Kudo Copy Trader provides an opportunity to achieve potentially higher returns without needing deep market expertise or exhaustive time consuming market research. 'At Kudotrade, we are committed to continual innovation and making trading easier and more convenient,' said Finley Wilkinson, Director at Kudotrade at Kudotrade. 'With Kudo Copy Trader, we're giving our clients direct access to the expertise of top traders, helping them trade smarter within just a couple of seconds, while maintaining full transparency and control.' Kudo Copy Trader is built on state-of-the-art technology, ensuring fast execution, security, and a seamless experience. Users have the flexibility to customize risk settings, stop copying at any time, and diversify by following multiple traders - all with Kudotrade's award-winning user experience. The app is now available for traders in the AppStore and Google Play. With the launch of Kudo Copy Trader, Kudotrade continues to redefine the online trading experience, reinforcing its mission to be the go-to platform for all financial needs. Whether users are looking to trade independently or benefit from expert strategies, Kudotrade offers the tools, technology, and support to succeed in the dynamic world of trading. About Kudotrade Kudotrade is an innovative global CFD broker offering state-of-the-art trading technology, lightning-fast execution, and low-spread trading to thousands of clients in over 130 countries. Providing a seamless trading experience, top-tier customer support, and extensive educational resources to help traders succeed and with a physical presence in three countries and regulatory authorization from the Financial Services Commission of Mauritius, Kudotrade continues to expand its global footprint. Kudotrade is a brand name with multiple entities that are authorised and registered in various jurisdictions: Kudo Trade (Mauritius) Ltd is authorised and regulated by the Financial Services Commission of Mauritius under license number GB24203599; Kudo Trade Ltd is registered under the Saint Lucia Register of International business companies with registration number 2024-00239; and Kudo Systems Ltd, registered in Cyprus is an appointed representative of Kudo Trade (Mauritius) Ltd with rights of distribution.
