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 started the week with a decline in Asia and entered Europe. Driven by dovish global central bank policies, geopolitical risks and stubborn inflation, said Alex Chiu, senior strategist at Value Partners.Strong investment flows, resilient Asian consumer demand and continued central bank buying are likely to offset potential headwinds from an aggressive shift in US monetary policy. With the macroeconomic outlook clouded by recession risks and policy uncertainty, gold's appeal as a safe haven and inflation hedge will maintain its upside through 2025 and beyond, he added. Source:...
Gold prices started the week with a decline in the Asian session on Monday and moved away from its highest level since late October, around $2,786 reached on Friday. The US dollar (USD) strengthened again after President Donald Trump refrained from imposing threatened tariffs on Colombia as the two countries reached a deal on the repatriation of deported migrants. Looking ahead, investors will await the US Central Bank meeting and the possibility that the Federal Reserve (Fed) will keep interest rates steady. Source: Newsmaker.id
Silver prices continued to strengthen in European trading on Friday (1/24). Demand for non-interest bearing silver increased following comments made by US President Donald Trump on Thursday night.In addition, industrial demand for silver may have strengthened following comments by US President Donald Trump about his preference to avoid tariffs on China, the world's largest metals consumer and manufacturing hub. Trump expressed optimism about reaching a deal with China after a conversation with President Xi Jinping on Thursday, indicating potential progress in US-China trade...
Gold (XAU/USD) prices maintained their bullish bias heading into the European session on Friday (1/24) and touched a fresh multi-month high, around the $2,778 region in the last hour. Comments by US President Donald Trump, who said that he would prefer not to use tariffs on China, helped ease trade war fears and inflation concerns. This, in turn, triggered a fresh leg down in the US Treasury bond yields amid Trump's call for lower interest rates, which dragged the US Dollar (USD) to a one-month low and boosted demand for the non-yielding yellow metal. Source: Newsmaker.id
Silver prices rose slightly on Friday (1/24) after US President Donald Trump's trade plan added to the dollar and increased demand for silver. The dollar (DXY), down more than 1% this week, headed for its worst weekly decline in two months, sending spot silver up 1.1% to $30.78 per ounce. Source: Newsmaker.id
Gold prices held near their highest levels on Friday (1/24) as traders weighed President Donald Trump's latest tariff threats against Europe, along with his pledge to push for more interest rate cuts. Bullion hit an intraday high in Asia at $2,777 an ounce and was on track for a weekly gain of about 2%, supported by haven demand amid concerns about the global economic outlook under the new U.S. administration. Source: Newsmaker.id
Silver prices fell below $31 an ounce on Thursday (1/23), but remained near a six-week high, as U.S. President Donald Trump's tariff threats fueled demand for the safe-haven asset. Trump indicated on Tuesday that he was considering a 10% tariff on Chinese imports starting Feb. 1, just one day after threatening Mexico and Canada with tariffs of around 25%. However, with no action taken, there is hope that the administration could take a more cautious stance on tariffs. Silver also remains supported by expectations of further interest rate cuts by the Federal Reserve this year, which could...
Gold prices maintained their negative bias through the early European session on Thursday (1/23), although there was no follow-through selling and remained close to the highest level since early November hit the previous day. Uncertainty surrounding US President Donald Trump's tariff plans, which could trigger a trade war and increase market volatility, should help limit losses for XAU/USD, warranting caution before confirming that the month-long uptrend has run out of steam. Source: Newsmaker.id
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....