The dollar traded in a tight range ahead of key US inflation data that may influence monetary policy and shape discussions around Federal Reserve leadership. The Bloomberg Dollar Spot Index edged down 0.1% Dollar-yen was sold on fix flows and in view of Japan's 10-year government bond yield touching the highest level since 2008, according to an Asia-based FX trader Commodity currencies edged higher after data show China's economic growth exceeded expectations in the second quarter, with gross domestic product expanding 5.2% in April-June from a year...
Silver prices (XAG/USD) recovered from their latest decline from the previous session, rebounding toward a 14-year high of $39.13, reached on Monday (July 15th), and traded around $38.40 per troy ounce during the European session on Tuesday. Silver prices strengthened as traders remained cautious ahead of the June US Consumer Price Index (CPI) data, which may provide fresh insight into the Federal Reserve's monetary outlook. Silver attracted sellers as Federal Reserve Chairman Jerome Powell indicated that inflation is expected to rise over the summer, driven by tariff-related pressures....
Gold prices rose on Tuesday (July 15th) as concerns over a global trade war fueled demand for safe-haven assets, while investors awaited key US inflation data. Spot gold rose 0.5% to $3,361.39 per ounce, as of 08:16 GMT. US gold futures rose 0.3% to $3,370.40. The US dollar (.DXY), opened in a new tab, fell 0.1%, making gold cheaper for buyers holding other currencies. "Gold strengthened as bullish investors looked to capitalize on the slightly weaker dollar today," said Han Tan, chief market analyst at Nemo.Money. "Gold is enjoying a multitude of supporting factors, ranging from...