The USD/CHF pair fell to around 0.7880 in Asian trading on Tuesday (December 30), reversing the previous two days' gains. This movement came as investors awaited the Swiss Federal Open Market Committee (KOF) key indicator, which could provide insight into future economic activity trends. The Swiss franc is likely to be supported by demand for safe-haven assets amid global uncertainty. Tensions have escalated due to the Ukraine-Russia conflict, Saudi airstrikes in Yemen, and Iran's warning of a "full-scale war" with the US, Europe, and Israel. Trump's statement about the possibility of...
Silver rose by over 1% to $73 per ounce on Tuesday, following an 8% slump in the previous session, which marked the steepest daily drop in over five years, as traders booked profits. Markets continued to monitor geopolitical developments, with uncertainty persisting as tensions in the Russia-Ukraine conflict lingered after reports of a suspected Ukrainian drone incident near President Putin's residence, while negotiations between the two sides continue amid unresolved issues. Separately, the United States signaled possible further strikes on Iran if nuclear and missile programs advance,...
Gold prices rebounded after being under pressure in the previous session. This increase occurred as investors sought safe havens amid ongoing global uncertainty. A cautious market ahead of the release of the Federal Reserve minutes has led to renewed interest in gold as a hedge. The main sentiment stemmed from expectations that the Fed would be less aggressive going forward. The prospect of lower interest rates has diminished the appeal of the US dollar, making non-yielding gold more attractive. Furthermore, geopolitical tensions in various regions have boosted demand for gold as a safe...