Gold prices weakened in trading on Monday (August 11th) as easing geopolitical tensions reduced demand for safe-haven assets. Market participants are now shifting their attention to US consumer inflation data scheduled for release on Tuesday, which is expected to provide clues to the Federal Reserve's future interest rate policy. Spot gold fell 0.7% to $3,376.67 per ounce at 02:48 GMT, while US gold futures for December delivery fell 1.5% to $3,439.70. Pressure on gold prices emerged following the announcement that US President Donald Trump would meet Russian President Vladimir Putin on...
The US Dollar Index (DXY) weakened in early trading on Monday (August 11th), retracing earlier gains and trading around the 98.00 level during the Asian session. This weakening reflects increased market caution ahead of the release of key economic data, particularly US consumer inflation on Tuesday, as well as preliminary UK second-quarter GDP data and the US Producer Price Index (PPI) on Thursday. Pressure on the greenback increased following a series of weak US economic data. Higher initial jobless claims and a below-expected July Nonfarm Payrolls report reinforced speculation that the...
Silver prices (XAG/USD) slipped in Asian trading on Monday (August 11th), ending a six-day winning streak. The white metal traded near $38.10 per ounce, pressured by a strengthening US dollar, investor profit-taking, and optimism regarding a potential truce in the trade war between the United States and China. This combination of factors reduced interest in safe-haven assets like silver. Market participants' focus is now on developments in trade negotiations between the world's two largest economies, particularly ahead of the deadline for imposing additional tariffs. US Secretary of...