GBP/USD retraces its recent gains from the previous session, trading around 1.3520 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) gains ground, driven by persistent inflationary pressures in the United States (US), which heightened uncertainty over potential Federal Reserve (Fed) rate cuts. Traders will likely observe the August ISM Manufacturing Purchasing Managers Index (PMI) later in the day. Furthermore, traders will also observe upcoming labor market data this week that could shape the US Federal Reserve's (Fed) policy decision in September. Key reports...
Gold rose on Thursday (06/05) in Asian trading, holding gains, after weaker-than-expected US data reinforced expectations that the Federal Reserve will cut interest rates at least twice this year to stave off a recession. Meanwhile, concerns about worsening tensions between the US and some of its major trading partners resurfaced after President Donald Trump doubled tariffs on steel and aluminum to 50%. Separately, he called his Chinese counterpart Xi Jinping "very difficult to make a deal with". Source: Newsmaker.id
Gold rose on Wednesday, supported by a weaker dollar and weak US data, as investors grappled with rising economic and political uncertainty. US President Donald Trump said his Chinese counterpart Xi Jinping was tough and "very difficult to deal with", just days after accusing Beijing of breaking a deal to lift tariffs. Source: Newsmaker.id
Gold prices edged up on Wednesday as a weaker dollar and escalating trade tensions between the United States and China boosted demand for the safe-haven metal. Spot gold was up 0.1% at $3,355.46 an ounce, as of 0836 GMT. U.S. gold futures edged up 0.1% to $3,379.80. The dollar index, which measures the greenback against a basket of six major currencies, fell 0.1%, making gold more attractive to holders of other currencies. Source: Newsmaker.id
Silver prices face selling pressure due to profit-taking amid easing trade tensionsAs of this writing, Silver prices are at $34,423 Source: Newsmaker.id
Gold prices moved in the area of $3361 at the beginning of the Asian trading session on (04/06) after experiencing a decline of more than 1% on Tuesday after employment data from the United States (US), which revealed that the labor market remains tight. Trump signed a directive that raised steel and aluminum tariffs to 50% from 25%. Meanwhile, China this week claimed the US had "seriously damaged" the recent ceasefire, and the European Union warned of new countermeasures if the US followed through on tariff threats. Source: Newsmaker.id -ayu
Gold prices fell more than 1% on Tuesday (03/6) as jobs data from the United States (US), which revealed that the labor market remains tight. Investors' mood turned optimistic after the release of the latest US Job Openings & Labor Turnover Survey (JOLTS), which showed that job openings rose sharply in April. The data was positive, ahead of a busy week with the release of much-anticipated jobs data. Source: Newsmaker.id
Silver Prices Rise After increasing uncertainty over global trade policies and potential economic impacts, investors turned to precious metals as a hedge, pushing silver prices higher along with gold. As of this writing, Silver is at $34,126 Source: Newsmaker.id
Gold continued its rise this morning (03/6) accompanied by a weaker dollar and stronger demand for safe haven assets due to trade and geopolitical risks. In addition, Fed Chair Powell did not comment on policy or the economy in his opening remarks at the 75th anniversary conference of the Division of International Finance. Meanwhile, Goolsbee said that if the "difficult period" of tariff and trade uncertainty passes, and the dual mandate still looks good, the FOMC could be on track to cut interest rates. He said he had seen "very little immediate impact so far in the data," but he was not...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....