The EUR/USD pair ended its five-day winning streak on Tuesday and weakened from Monday's high of 1.1735, trading just below 1.1700 at the time of writing at the European open. Investors are hesitant ahead of the release of preliminary Eurozone Consumer Price Index (CPI) figures, but so far, downside attempts have been limited. The US dollar (USD) weakened amid growing concerns about the independence of the US Federal Reserve (Fed). Eurozone inflation is expected to remain stable near the European Central Bank's (ECB) 2% interest rate target, further justifying the bank's decision to keep...
Gold prices fell on Thursday (5/22) as a stronger US dollar weighed on the bullion as US Treasury yields fell from intraday highs as the US House of Representatives approved Trump's budget, which will now be sent to the Senate for approval. Market sentiment improved slightly but remained fragile as it was sponsored by a Moody's downgrade of the US government's debt rating. The fiscal package so far approved by the US lower house is projected to add $4 trillion to the debt ceiling. Newsmaker.id
Gold (XAU/USD) prices eased from near two-week highs around $3,345-$3,346 region touched on Thursday, and traded with a mild positive bias during the early European session. A modest US Dollar (USD) uptick was seen as a key factor behind the commodity's intraday decline, though a meaningful pullback seems elusive. Growing acceptance that the Federal Reserve (Fed) will lower borrowing costs further by 2025 and concerns about rising US deficits should keep a lid on the USD, which should act as a tailwind for the non-yielding yellow metal. Source: Newsmaker.id
Silver Prices Gain After Investors Remain Wary Following Moody's Downgrade of US Sovereign Credit Rating and Growing Concerns About US Deficit Due to US President Donald Trump's Massive Tax Bill. In addition, Fresh US-China Trade Tensions, Along with Geopolitical Risks, Hit Global Risk Sentiment.As of this writing, Silver Price is at $33,662 Source: Newsmaker.id
Gold prices continued their rise in the early Asian session on Wednesday (05/22) when this news was released, gold prices moved in the $3322 area, this was accompanied by several fundamental factors because investors were likely to switch from government bonds to precious metals. The global bond market is shaky, with traditional safe haven assets such as gold strengthening. There are also growing concerns over the US fiscal outlook "If all else is equal, that means higher demand for haven assets," from the geopolitical side of Israel and Iran also support demand for safe haven...
Gold prices rose for a third straight session on Wednesday (5/21) as geopolitical risks rose following a report that Israel planned to strike Iran's nuclear facilities while the dollar weakened. Israel is preparing to strike Iran's nuclear infrastructure, CNN reported Tuesday, citing US intelligence officials. The report noted that officials did not know whether Israel had made a final decision to go ahead with the strikes, which could further destabilize the volatile Middle East. Source: Newsmaker.id
Gold prices maintained their positive bias above the $3,300 mark, rising nearly 1% on Wednesday (5/21), hitting their highest level in more than a week, as a weaker dollar and US fiscal uncertainty amid Congressional debate on a broad tax bill boosted demand for safe-haven assets. Source: Newsmaker.id
Silver prices continue their uptrend, as the weakening US Dollar (USD) led to a downgrade of the US government's credit rating last Friday.As of this writing, Silver prices are at $33,151 Source: Newsmaker.id
Gold was steady in early Asia, supported by lingering concerns about the U.S. fiscal deficit. Investors are reassessing the longer-term outlook for U.S. sovereign risk after Moody's Ratings downgraded the U.S. credit rating last week, Pepperstone's Quasar Elizundia said in an email. Safe-haven assets such as gold could see increased demand, the research strategist said. However, near-term upside for gold prices may be limited if ETF outflows continue, Elizundia said, noting that gold ETFs saw strong outflows of 30 tonnes last week. Spot gold was little changed at $3,298/oz. Source:...
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....