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 traded flat in the mid-day U.S. session on Friday, holding near a one-month high and on track for a third weekly gain. Recent U.S. economic data, including cooler-than-expected core inflation and disappointing retail sales figures, have reignited hopes that the Federal Reserve could cut interest rates more than once this year. In addition, the potential for tariffs under the incoming Donald Trump administration, which could further fuel inflation, has also strengthened gold's position as an inflation hedge. On the geopolitical front, a ceasefire and hostage release agreement...
Gold (XAU/USD) prices maintained their negative bias through the first half of the European session on Friday (17/1), albeit lacked any follow-through selling and remained near one-month highs touched the previous day. The US Dollar (USD) regained some positive traction and for now, seems to have snapped three consecutive days of losing streak amid growing acceptance that the Federal Reserve (Fed) will pause its interest rate-cutting cycle later this month. This, along with a generally positive tone around the equity markets, turned out to be key factors undermining the precious...
Silver prices surged higher in Europe on Thursday (1/16). The white metal gained as traders increased bets in favor of the Federal Reserve (Fed) delivering more than one interest rate cut this year. Traders are pricing in two rate cuts this year, with the first coming in June instead of September, as had been expected before December inflation data was released. Until this news was released, the price of Silver was at $ 31,788 Source: Newsmaker.id
Gold prices surged above the $2,700 mark as the Dollar pared some of its earlier gains. Data from the United States (US) revealed that the economy remains solid after the release of consumer spending and jobs data. US Treasury yields fell as traders expect further easing by the Federal Reserve (Fed). At the time of writing, XAU/USD was trading at $2,715, up 0.72%.Bullion extended its gains as market participants prepared for the inauguration of US President-elect Donald Trump. The US Census Bureau revealed that Retail Sales missed estimates in December. However, November's data was revised...
Silver prices jumped on Thursday, hitting a one-month high after softer U.S. inflation data supported expectations for further interest rate cuts from the Federal Reserve this year. U.S. retail sales rose less than expected in December and initial jobless claims rose sharply in January, putting some pressure on the dollar. The prospect of lower U.S. interest rates could boost demand for commodities by boosting economic growth and weakening the dollar. Source: Newsmaker.id
Gold prices continued their climb above the $2,700 level on Thursday, after U.S. retail sales data rose less than expected in December and initial jobless claims rose sharply in January, weakening the dollar slightly. The results also support the Fed's interest rate cut to prevent a sharper economic slowdown this year, after yesterday's softer core CPI figure hit gold prices. Elsewhere, Israel and Hamas reached a ceasefire and hostage agreement, easing demand for safe-haven assets. Source: Newsmaker.id
Gold rose on safe-haven demand ahead of Donald Trump's inauguration. The precious metal's strong start to the year is set to continue in the short term, given the incoming administration of US President-elect Donald Trump, MUFG analysts wrote. The incoming Trump administration will boost safe-haven demand and play into the fear-related dimension of MUFG's bullish outlook for gold in 2025, the analysts said in a note. Source: Newsmaker.id
Silver prices held steady near $30 an ounce on Wednesday (1/15) as investors awaited a key US inflation report that could influence the Federal Reserve's interest rate decision later this month. Earlier this week, silver faced downward pressure as stronger-than-expected US jobs data dampened expectations for further Fed rate cuts this year. Despite the recent pullback, the metal's value continues to be supported by strong industrial demand, particularly in renewable energy and electronics technologies, as well as ongoing supply concerns. DISCLAIMER Note: This article is only an...
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....