Gold (XAU/USD) is edging lower on Friday after peaking at $3,409 earlier in the day, its highest level in two weeks amid a cautious market mood. At the time of writing, the metal is hovering near $3,395 at the start of the American session. The precious metal remains underpinned by concerns over the economic impacts from US tariffs, persistent inflation worries, and growing speculation that the Federal Reserve (Fed) will lower the interest rate in September. However, a modest rebound in the US Dollar (USD) and relatively stable Treasury yields are capping further upside, as bulls struggle...
Oil steadied after a run of declines, as traders await US President Donald Trump's next moves to halt the war in Ukraine after he announced tariffs on India this week for taking Russian oil. Brent was marginally higher above $66 a barrel, after six straight drops, the longest run since May. Trump — who'd set a deadline of Friday for Moscow to agree to a truce — said that he'd be willing to meet with Vladimir Putin, even if the Russian leader hasn't yet agreed to sit down with Ukrainian President Volodymyr Zelenskiy. Earlier this week, Trump doubled levies on all Indian...