Gold price is rallying over 1% on Monday, snapping two days of losses as the Greenback gets battered due to safe-haven demand and falling United States (US) Treasury bond yields. Geopolitical tensions and tariff threats by US President Donald Trump increased demand for the safety appeal of Bullion. XAU/USD trades at $2,888 at the time of writing.Risk appetite deteriorated following the clash between US President Donald Trump and Ukrainian President Volodymir Zelenskyy last Friday. In the meantime, tariffs imposed on Mexico, Canada and China are expected to kick in on Tuesday. Data-wise,...
GBP/USD rose on Monday, buoyed by a broadly-underbid US Dollar and a latent recovery in Pound Sterling flows. The pair is knocking back into the 1.2700 handle, with price action continuing to get mired in the 200-day Exponential Moving Average (EMA). US President Donald Trump reiterated his threats to impose a 25% tariff package on Canada and Mexico on Monday, which are set to automatically go into effect at midnight EST Tuesday morning. Markets have gotten used to President Trump kicking the can on his own policy threats since taking office in January, but this time may turn out to be...
Gold is steady in the early Asian trade, hovering around the $2,890/oz level after a recent rally. Investors are digesting the latest U.S. manufacturing data, which showed a slowing pace of expansion, and weighing the economic outlook as Trump's tariffs against key trading partners are due to kick in today, the ANZ Research team writes in a note. "Market participants have little risk-on appetite" given the ongoing geopolitical tensions, analysts at Sucden Financial write in a note. Spot gold is flat at $2,890.68/oz. Source : Dow Jones Newswires