Stephen Miran, a Federal Reserve governor whose term ends at the end of January, said Thursday that he is looking for 150 basis points of interest-rate cuts this year to boost the U.S. labor market. Miran told Bloomberg Television's Surveillance program that Fed officials had room to further reduce rates given his view that underlying inflation was likely running at 2.3%. "I'm looking for about a point and a half of cuts. A lot of that is driven by my view of inflation," Miran said. "Underlying inflation is running within noise of our target, and that's a good indication of where overall...
Gold price rises on Friday, poised to end with weekly gains of nearly 4% as an employment report in the US was mixed, with the economy adding fewer jobs than projected. Still, the Unemployment Rate ticked lower, yet investors are still betting the Federal Reserve (Fed) to cut rates this year. At the time of writing, XAU/USD trades at $4,507, up 0.65%. Bullion rallies as weaker payrolls keep Fed cut bets aliveThe US economic data weighed on investors' expectations of lower interest rates in the short term. But for the whole year, traders seem confident that the Federal Reserve would lower...
Harga emas kembali menguat pada perdagangan terbaru setelah sempat tertekan, didorong oleh melemahnya dolar AS dan turunnya imbal hasil obligasi pemerintah AS. Investor kembali memburu emas sebagai aset lindung nilai di tengah ketidakpastian arah kebijakan moneter Federal Reserve serta sensitivitas pasar terhadap perkembangan geopolitik global. Kenaikan emas juga dipicu oleh aksi beli saat harga turun (buy on dip), menyusul reli kuat dalam beberapa pekan terakhir. Pelaku pasar kini menanti sinyal lanjutan dari data ekonomi AS dan pernyataan pejabat The Fed, yang akan menentukan apakah...
Gold prices fell on Thursday (January 8) as investors braced for futures selling related to the commodity index rebalance, with a stronger U.S. dollar adding to the pressure by making the metal more expensive for overseas buyers. Spot gold prices fell 0.6% to $4,427.48 per ounce, as of 0921 GMT. U.S. gold futures for February delivery fell 0.6% to $4,435.40. "Gold and silver remain under pressure as the annual commodity index rebalance gets underway. Over the next five days, COMEX futures could see selling in the range of $6 to $7 billion for each metal," said Ole Hansen, head of commodity...
The US dollar is expected to rise for a third straight day on Thursday (January 8), but trading remains cautious as investors position themselves ahead of Friday's Nonfarm Payrolls (NFP) report. Recent US data releases have sent mixed signals: the labor market appears to be cooling, while service sector activity surprised with an increase—keeping the Fed's outlook balanced. Latest levels: DXY ~98.74, EUR/USD 1.1679, GBP/USD ~1.3456, USD/JPY ~156.7, AUD/USD ~0.6698, NZD/USD ~0.5754. Markets continue to interpret the labor market picture as "no hiring, no firing," while stronger service...
Oil traded in a tight range on Thursday after two straight sessions of losses, as markets digested a sharper US push to shape Venezuela's crude flows—alongside fresh tanker seizures tied to sanctions. Brent hovered near $60.20 a barrel, while WTI held around $56.21. The US plan is expected to start with offering stored crude before moving into broader Venezuelan supply sales, with officials indicating the oil is already being marketed. Investors are also watching how the policy shift could reroute Venezuelan barrels, potentially diverting flows away from Asia and reshaping trade patterns...
Bank of Japan (BOJ) Governor Kazuo Ueda stated that achieving 2% inflation is getting closer, although real inflation remains low. Ueda emphasized that the BOJ will continue to raise interest rates...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...