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 prices continued to rise on Friday even as stronger-than-expected US jobs data reinforced expectations that the Federal Reserve may not cut interest rates aggressively this year. Uncertainty over the policies of the incoming Trump administration continued to boost the appeal of safe-haven assets. Gold prices briefly dipped to $2,663.09 an ounce after data showed the US added 256,000 jobs last month, compared with economists' forecasts of 160,000. The unemployment rate was at 4.1%, compared with estimates of 4.2%. However, bullion prices quickly rose and hit their highest level since...
Silver prices remained above $30 an ounce on Friday (10/1), nearing a three-week high as market participants weighed the Fed's cautious stance on interest rate cuts. Meanwhile, the Fed's uncertainty about inflation and proposed tariffs under President-elect Trump have kept market participants nervous, which has strengthened demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in renewable energy technology and electronics, has further boosted silver's value. Silver prices at the time of this news release +0.7% or are at...
Gold (XAU/USD) prices continued their uptrend for the fourth straight day and rose to a four-week peak, around the $2,678-2,679 area during the early European session on Friday (10/1). Ongoing geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war and a generally weaker risk tone, turned out to be key factors supporting the precious metal as a safe haven. Source: Newsmaker.id
Further increases in Silver prices could indicate a growing bullish momentum. However, the alignment of Trump's policy news still shows no strong directional trend in the short-term price movement.Silver prices may face potential upside, the influence of concerns about Trump's policy changes has raised concerns among market players which could potentially increase Silver purchases for Second Safe Haven facilities to strengthen again.Until this news was released, the price of silver was at $ 30,133 Source:Newsmaker23
Gold rose for a third day as traders weighed the outlook for the Federal Reserve's easing path, ahead of key jobs figures due later Friday.Bullion traded near $2,670 an ounce — hitting its highest level since mid-December but showing limited movement with some US financial markets closed on Thursday. Recent data showed US private-sector hiring and wage growth slowed in December.The Fed will need to balance that with renewed inflation fears when deciding whether to cut interest rates, with minutes from its meeting last month reiterating a more cautious approach to easing. Lower borrowing...
Silver prices held steady above $30 an ounce on Thursday, still near a three-week high as investors digested the Fed's cautious stance on interest rate cuts and awaited key jobs data due on Friday. The Fed's uncertainty about inflation and proposed tariffs under President-elect Trump has kept market participants on edge, boosting demand for silver as a safe-haven asset. In addition, strong industrial demand for silver, driven by its key role in renewable energy and electronics technologies, has further boosted its value. Source: Newsmaker.id
Gold held above $2,660 an ounce on Thursday after hitting its highest in a month, holding onto recent gains as investors continued to assess the outlook for Fed monetary policy ahead of key U.S. jobs data. The latest FOMC minutes indicated inflation is likely to ease this year, but policymakers noted the risk of persistent price pressures, in part due to Trump's policies. The central bank also signaled that it may be nearing a point where it could slow the pace of policy easing, denting the appeal of the non-yielding metal. Source: Newsmaker.id
Silver (XAG/USD) prices continued their uptrend on Thursday (1/9), continuing their rally that began in early January 2025. The white metal was trading around $30.40 per troy ounce during European trading hours this evening. While uncertainty surrounding inflation and proposed tariffs under President-elect Trump's administration has kept market participants on edge, which has strengthened demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in the latest energy technology and electronics. Silver price at the time of this...
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....