Gold rose above $2,920 per ounce on Thursday, near record highs, supported by a weaker US dollar and safe-haven demand amid US trade policy uncertainties.
President Donald Trump temporarily exempted US automakers from his 25% tariffs on Canada and Mexico for one month and signaled openness to further adjustments.
A US official also suggested Trump may remove the 10% tariff on Canadian energy imports that meet trade agreement rules.
However, fresh US tariffs on Canada, Mexico, and China have triggered retaliatory measures, and China has filed a revised WTO consultation request over the levies.
Meanwhile, markets await the non-farm payrolls report for clues on the Federal Reserve's policy direction. Recent data revealed US private sector job growth slowed to a seven-month low, fueling the case for further rate cuts. However, an unexpected rebound in the services sector suggests economic resilience.
Source: Trading Economics
Gold's rally extended beyond the $3,600 level for the first time on Monday after weak US employment data reinforced expectations of a Federal Reserve interest rate cut next week. Spot gold rose 0.9% ...
Gold prices rose to a record high on Monday (September 8th), breaking through the key $3,600 level after weak US employment data reinforced expectations of an interest rate cut by the US Federal Reser...
Gold held firm near an all-time high on Monday, inching closer to a key $3,600 level, bolstered by mounting expectations of a U.S. Federal Reserve rate cut this month following a weaker-than-expected ...
Gold edges higher in early Asian trade. An unexpectedly weak U.S. jobs report raised expectations of a Fed rate cut later this month, supporting gold, the ANZ Research team writes in a note. Investor...
Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate c...
US stocks were mostly higher on Monday as traders brace for a busy week of economic data ahead of next week's FOMC decision. The S&P 500 rose 0.2% and the Nasdaq gained 0.6%, while the Dow Jones hovered around the flatline. Inflation data will...
Oil prices rebounded after last week's decline after OPEC+ agreed to raise production at a modest rate, amid doubts about how many members could continue to increase output. The rise marked a reversal of production cuts that were previously set to...
Gold's rally extended beyond the $3,600 level for the first time on Monday after weak US employment data reinforced expectations of a Federal Reserve interest rate cut next week. Spot gold rose 0.9% to $3,617.79 per oz at 12:09 GMT after hitting a...
European stocks closed on Friday, tracking the pullback in US equities after pessimistic labor data from the US sounded alarms over the world's...
US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for...
Ukrainian President Volodymyr Zelenskiy said on Friday thousands of foreign troops could be deployed to his country under post-war security...
Asia-Pacific markets traded mostly higher Monday as investors assessed the resignation of Japan's prime minister and eyed key economic data in the...