The U.S. economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday. IMF spokesperson Julie Kozack said inflation was on a path to meet the Federal Reserve's 2% target, but there were some risks that could push it higher, largely as a result of tariffs imposed on imports by the Trump administration. "What we've seen over the past few years is that the U.S. economy has proven to be quite resilient. We do see now that some strains are beginning to show," she told a regular briefing....
Gold prices fell slightly this morning (-0.2%) to around $3,349, as market players await the release of US Employment Data (Non-Farm Payrolls + ISM PMI) which will be the next major catalyst Global geopolitics are still heating up, major central banks such as the PBoC continue to add gold reserves, and the US fiscal deficit has increased significantly, all supporting demand for gold as a safe-haven asset Barron's said many analysts are targeting $4,000 per troy ounce thanks to a combination of global uncertainty and a falling dollar. Meanwhile, HSBC raised its average target for 2025–2026...
After a sharp rally to a 13-year high in early June, silver has undergone a healthy correction: down from around USD36–36.4/oz to the USD35.8–36.2/oz area today. Such a move is common after a major rally, when market players take profits. Market players adopted a wait-and-see position before the release of the US Non-Farm Payroll (NFP) data. The focus shifted to gold as a safe-haven, so that silver experienced a stagnant correction. In the short term, silver prices are still supported by a supply deficit, strong industrial demand, and safe-haven flows.
Global gold prices are holding steady in the positive area at around $3,343 per ounce after rallying 2% in the previous two sessions. Currently, the market is taking a wait-and-see attitude ahead of two major agendas from the US: the House vote on Trump's tax bill and the release of June employment data. Although the US dollar strengthened slightly, positive sentiment towards gold remained intact as fiscal concerns, geopolitical tensions, and the direction of trade policy are still the main concerns of investors. Additional support came from central bank purchases and fund flows into...
Silver's move now focuses on upcoming labor market data, including the ADP private payrolls report due on Wednesday and the key June jobs report on Thursday, for further signals on the economic outlook and potential Fed policy moves.At the time of writing, silver was trading at $36,025/Toz. Source: Newsmaker.id
The Silver price (XAG/USD) edges lower to around $36 during the Asian trading hours on Wednesday, pressured by a modest rebound in the US Dollar (USD). Traders will take more cues from the release of the US ADP Employment Change report for June, which is due later on Wednesday. The Greenback receives support from a better-than-expected increase in labor market demand. This, in turn, exerts some selling pressure on the USD-denominated commodity price, as a firmer USD makes Silver more expensive for foreign buyers. Additionally, rising demand for industrial uses might contribute to silver's...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...