The EUR/USD trims some of Tuesday's losses though it remains shy of claiming the 1.1700 figure, despite broad US Dollar weakness across the board. Economic data in the US strengthened the chances that the Federal Reserve could resume its easing cycle at the September meeting. The pair trades at 1.1656, up 0.17%. Euro advances amid Dollar softness, with markets eyeing NFPs despite hawkish Fed pushback on easing An improvement in market mood prompted investors to buy the Euro, following a worse than expected Job Openings and Labor Turnover Survey (JOLTS) report for July. As the number of...
Silver (XAG/USD) prices recovered from losses during Asian trading hours on Wednesday. Analysts believe that the recent correction could be a setup for a strong rebound amid rising trade tensions and recession fears. Traders are gearing up for the FOMC Minutes, due out on Wednesday.US President Donald Trump said late Tuesday that he is not considering abandoning his plan to impose extensive additional tariffs on dozens of countries despite contacts from trading partners seeking to avoid the levies. However, he hinted that he may be open to some negotiations.Until this news was released,...
Gold prices were steady early in the Asian session on Wednesday (9/4) as traders braced for the US to raise tariffs on Chinese goods to as high as 104%, a move that Beijing is expected to retaliate against as hopes fade that a brutal global trade war can be avoided. The precious metal still looks to have more to gain, having risen more than 13% this year on central bank buying and inflows into exchange-traded funds. Markets are also betting that rising volatility could prompt the Federal Reserve to accelerate interest rate cuts to stave off a recession. Lower interest rates typically...
Silver prices fell below $30 an ounce on Tuesday (08/4), following increased volatility as investors continue to navigate shifting global trade dynamics and their impact on economic expectations and tariffs. The precious metal came under pressure last week amid broad risk-off sentiment, as fears of a tariff-driven global recession sparked a wave of liquidation across asset classes. Source: Newsmaker.id
Gold prices fell again on Tuesday (4/8) as the White House announced that 104% tariffs on China would go into effect at noon Eastern Time, Press Secretary Karoline Leavitt said, in retaliation for China's 34% tariffs on U.S. exports. She added that the tariffs would be levied starting April 9. Investors are now awaiting the minutes of the U.S. Federal Reserve's latest policy meeting on Wednesday for further clues on the direction of interest rate cuts. Source: Newsmaker.id
Gold prices rose on Tuesday, helped by global trade tensions between the U.S. and its major trading partners, and a weaker dollar. Spot gold rose 0.8% to $3,005.21 an ounce by 0847 GMT, after hitting its lowest level since March 13. U.S. gold futures rose 1.6% to $3,020.70. Spot gold remains up nearly 15% for the year, driven by geopolitical and economic uncertainty, strong central bank demand and rising flows into gold-backed exchange-traded funds (ETFs). Source: Newsmaker.id
Silver (XAG/USD) prices posted modest gains around $30.15 during Asian trading hours on Tuesday (4/8). Silver's gains may be limited as investors liquidate positions to secure profits, possibly covering losses or margin calls on declining asset valuations, triggered by concerns over a global trade war. However, a weaker greenback may help limit losses in the USD-denominated commodity. At the time of writing, silver prices were trading at $30,179. Source: Newsmaker.id
Silver's downtrend has stalled and may be ready to rise due to several technical factors. The economic dynamics of the US, China and India can also contribute to price changes, for the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining prices.As of this writing, Silver is at $30,081 Source: Newsmaker.id
Gold prices tended to be stable in the area of $2991-$2981 on Tuesday (8/4) this was accompanied by concerns that US President Donald Trump's trade war could risk causing a global economic downturn, driving demand for safe haven assets, indicating a pause in asset sell-offs in the past few days. Amid the global economic turmoil due to Donald Trump's widespread Tariffs, Gold is still a safe haven asset. The sharp decline that has occurred is only temporary, furthermore several factors are still very supportive of the increase in Gold prices. Source: Newsmaker.id-ads
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....