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 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 rose more than 2% on Monday to its highest in more than three weeks, as a weaker dollar and a combination of geopolitical risks and economic uncertainty fueled investor demand for safe-haven assets. In addition, tensions between Washington and Beijing resurfaced after U.S. President Donald Trump on Friday accused China of violating an agreement with the U.S. to mutually lift tariffs and trade restrictions on critical minerals. Source: Newsmaker.id
Gold (XAU/USD) prices rose to a one-week high, surpassing the $3,350 level during the early European session on Monday (July 2) and looks set to continue rising amid a combination of supportive factors. The Personal Consumption Expenditures (PCE) Price Index released on Friday further showed signs of easing inflationary pressures in the US and strengthened the case for further interest rate cuts by the Federal Reserve (Fed). This, in turn, prompted fresh US Dollar (USD) selling and acted as a tailwind for the non-yielding yellow metal. Source: Newsmaker.id
Silver Prices Rise After President Donald Trump's announcement to double import tariffs on foreign steel and aluminum to 50% has sparked more concerns over global trade As of this writing, Silver is at $33,104 Source: Newsmaker.id
Gold rose after dropping 2% last week, as of this writing the price of Gold is moving in the area of $3,309. It tends to rise as rising geopolitical and trade tensions revive demand for safe haven assets. Bullion rose as much as 0.8% in Asia after Ukraine launched a series of dramatic drone attacks across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest attacks on Kyiv, ahead of crucial peace talks this week. Source: Newsmaker.id - ayu
Gold rose after dropping 2% last week — as rising geopolitical and trade tensions revived demand for the haven asset. Bullion rose as much as 0.8% in Asia after Ukraine launched a series of dramatic drone attacks across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest-ever offensives against Kyiv, ahead of crucial peace talks this week. President Donald Trump also stoked more concerns over global trade over the weekend, vowing to double tariffs on foreign steel and aluminum imports to 50%, with Canada's industry...
Gold (XAU/USD) prices maintained their negative bias below the $3,300 mark through the early European session on Friday (5/30), albeit lacked any follow-through selling. The US dollar (USD) attracted some buyers as they repositioned ahead of the crucial US inflation report, which in turn, was seen as a key factor undermining the commodity. However, concerns about worsening US fiscal conditions, coupled with bets that the Federal Reserve (Fed) will lower borrowing costs further in 2025, might cap gains for the USD and offer some support to the non-yielding yellow metal. Source: Newsmaker.id
Gold rose early in Asia (30/05) after a federal appeals court offered Trump a temporary reprieve from a ruling that threatens to throw out much of his tariff agenda. A weaker dollar also helped, driven by rising fiscal risks and renewed political pressure on the Federal Reserve to cut interest rates. Disappointing data on Thursday showed the U.S. economy shrank at the start of the year, due to weaker consumer spending and a bigger impact from the trade war than previously reported. Meanwhile, tensions with China resurfaced this week after the government announced it would begin revoking...
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....