Gold hovered around $3,320 an ounce on Wednesday, staying near a three-week low as easing trade tensions reduced the metal's safe-haven appeal. The US–EU agreement, which imposed a 15% tariff on most European goods, helped avert a broader trade conflict. With additional ongoing talks with Canada, South Korea, and others, investors are increasingly optimistic that further escalations can be avoided.
Meanwhile, the US and China are continuing discussions to extend a tariff truce set to expire in two weeks, with President Trump expected to make the final decision on any extension. Investors are also closely watching the FOMC decision due today.
While the Fed is widely expected to keep rates unchanged, markets will focus on Chair Powell's press conference for any signals of a possible rate cut in September. Attention is also turning to a series of key US economic reports. So far this week, job openings came in slightly below expectations, while consumer confidence ticked higher.
Source: Trading Economics
Gold price tumbled over 1.50% on Wednesday after the Federal Reserve, decided to hold rates unchanged, on a 9-2 split vote. Fed Chair Jerome Powell's leaning hawkish at the press conference, alongside...
Gold (XAU/USD) attracts sellers on Wednesday, hovering near $3,293 during the American trading session, down nearly 1.0% on the day. The yellow metal is losing ground after stronger-than-expected US e...
Gold prices edged higher on Wednesday (July 30th), boosted by a slightly weaker dollar as investors awaited the Federal Reserve's policy decision and comments that could provide further clues about th...
Gold prices edged up on Wednesday, supported by lower Treasury yields and a slight pullback in the dollar, while investors await the Federal Reserve's policy decision later in the day for guidance on ...
Gold is steady ahead of the FOMC decision due later today. While the FOMC is widely expected to leave rates unchanged, the focus will be on whether Fed Chair Powell offers any hint of a September rate...
Gold price tumbled over 1.50% on Wednesday after the Federal Reserve, decided to hold rates unchanged, on a 9-2 split vote. Fed Chair Jerome Powell's leaning hawkish at the press conference, alongside strong Gross Domestic Product (GDP) figures for...
The USD/JPY rallies over 0.60% after the Federal Reserve held interest rates unchanged and as Fed Chair Jerome Powell, turned slightly hawkish and muted for a September rate cut. The pair trades at 149.38, refreshing three-month highs. During his...
U.S. stocks were mixed after the close on Wednesday, as gains in the Utilities, Technology and Telecoms sectors led shares higher while losses in the Basic Materials, Oil & Gas and Consumer Goods sectors led shares lower. At the close in NYSE,...
European stock markets closed higher in Tuesday trading as the Stoxx Europe 600 was up 0.33%, Germany's DAX climbed 1.03%, the FTSE 100 gained...
Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade...
The European Union and the U.S. will form a "metals alliance" to counter the impact of subsidised Chinese production on global markets, as part of...
The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of...