The Japanese yen (JPY) pared some of its strong intraday gains against its US counterpart, lifting the USD/JPY pair back above the 156.00 level heading into the European session on Thursday (16/1). Expectations that the Federal Reserve (Fed) could cut interest rates twice this year, coupled with easing concerns about disruptive trade tariffs from US President-elect Donald Trump, remained supportive of the risk sentiment. This turned out to be a key factor undermining the safe-haven JPY and helped the pair find decent support ahead of the 155.00 psychological mark. Additionally, the...
Gold price (XAU/USD) seesaws between tepid gains/minor losses through the early European session and consolidates its recent gains to over a one-month peak touched this Thursday. Growing acceptance that the Federal Reserve (Fed) will pause its rate-cutting cycle late this month assists the US Dollar (USD) to move away from a one-week low touched on Wednesday. This, along with the prevalent risk-on mood, turns out to be a key factors acting as a headwind for the safe-haven precious metal. That said, signs of abating inflationary pressures in the US suggest that the Fed may not necessarily...
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $30.90 per troy ounce, up 0.61% from the $30.71 it cost on Wednesday. Silver prices have increased by 6.94% since the beginning of the year. Source: Fxstreet