Gold rallied above $3,300 an ounce on Wednesday, recovering from earlier losses following the release of the latest FOMC minutes. At the June meeting, Fed officials differed on how quickly and aggressively to cut interest rates.
While most predicted some rate cuts were likely this year, their views varied, ranging from calls for a rate cut in July to no rate cuts at all in 2025. The Fed kept its benchmark interest rate unchanged at 4.25%–4.5%, maintaining a cautious and data-driven stance amid mixed economic signals—tariff-driven inflation concerns, slowing consumer spending, and a resilient labor market.
Despite continued political pressure from President Trump, Chairman Powell reaffirmed the Fed's independence. Meanwhile, Trump ruled out further delays to the August 1 tariff deadline and announced broad new measures, including a 50% tariff on copper, a potential 200% duty on pharmaceutical products, and a 10% levy on imports from BRICS countries. The expected inflationary impact of these tariffs could limit the Fed's flexibility for further easing. (alg)
Source: Trading Economics
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data promp...
Gold prices strengthened on Wednesday, supported by a weaker US dollar and falling US bond yields after the latest economic data reinforced the narrative that the Federal Reserve is likely to continue...
Gold experienced a slight correction in the European session on Tuesday (February 10th), but remained above $5,000/oz as the market held its breath ahead of a series of US data that could alter intere...
Gold held above the psychological $5,000 level at the start of the week, supported by a combination of factors that are "right" for the precious metal : physical demand from China, expectations of low...
Gold prices are still struggling to turn an intraday rebound into a sustained rally. After briefly falling to $4,654 (a four day low) and rebounding, prices were again rejected near $4,900. In the Eur...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...