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 (XAU/USD) remained in the $2,660 area on Thursday (9/1) and approached a four-week high reached the previous day. Cautious market sentiment, geopolitical risks, and concerns about US President-elect Donald Trump's tariff plans turned out to be the main factors supporting the safe-haven commodity. Furthermore, the move to safe assets triggered a modest decline in US Treasury bond yields and drove some flows towards the precious metal for the third straight day. Source: Newsmaker.id
Silver prices are holding in positive territory near their highest level in three weeks as investors absorb the Fed's cautious stance on interest rate cuts.The Fed's uncertainty about inflation and proposed tariffs under President-elect Trump have kept market participants on edge, strengthening demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in renewable energy and electronics technologies, has further boosted its value.Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated...
Gold steadied after a two-day advance as traders weighed the outlook for the Federal Reserve's easing path ahead of key jobs figures due later in the week. Gold bullion traded up 0.5% on Wednesday as a report showed U.S. 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 the central bank's minutes from last month's meeting reiterating a more cautious approach to easing.As of this writing, gold is trading at $2,660 Source: Newsmaker.id
Silver prices were steady on Wednesday, pressured slightly by a stronger dollar and rising Treasury yields. The move came as strong US economic data reduced the chances of further interest rate cuts by the Federal Reserve. Silver, along with other safe-haven assets, also benefited from uncertainty ahead of US President-elect Donald Trump's inauguration on January 20 and confusion over his tariff plans. In addition, silver gained support from hopes that China, the world's top consumer of the metal, would follow through on its promise to increase monetary and fiscal stimulus to boost...
Silver held above $30.10 an ounce on Wednesday, holding near its highest level in more than three weeks despite pressure from the dollar and rising Treasury yields. The move came as strong U.S. economic data reduced the likelihood of further interest rate cuts by the Federal Reserve. Silver, along with other safe-haven assets, also benefited from uncertainty ahead of U.S. President-elect Donald Trump's inauguration on Jan. 20 and uncertainty over his tariff plans. Silver also gained support from hopes that China, the world's top consumer of the metal, will follow through on its promise to...
Silver rebounds after a challenging year-end performance in 2024. There is good reason to suspect that bullion banks deliberately lowered gold and silver prices in late 2024 to "paint the charts" and influence the year-end closing prices. This tactic seems to make sense, given the solid gains in gold and silver over the year—26% and 21%, respectively. As the new year begins, the gold and silver bull markets are poised to regain momentum and potentially surpass last year's performance. As of this writing, the price of Silver is at $ 30,095 Source: Newsmaker.id
Gold prices were higher in early Asian trade as the yellow metal remains a safe haven for many investors amid geopolitical uncertainty, analysts said. With Trump's upcoming inauguration, gold prices have been boosted by risk-averse sentiment, analysts at CITIC Futures wrote in a note. In the coming weeks, investors will be watching Trump's policy announcements, particularly around tariffs, as a key catalyst for gold. As of this writing, Gold Prices are at $ 2,648
Silver prices rose above $30 an ounce in the mid-day U.S. session on Tuesday, hitting a near three-week high despite a stronger U.S. dollar after strong JOLTS Job Openings and ISM Services PMI data. Looking ahead, investors are focused on key U.S. labor market data this week to assess the outlook for Federal Reserve monetary policy, which could influence the direction of the dollar. Silver is also getting support from the positive economic outlook in China, the world's largest silver consumer. Beijing recently pledged to implement "more proactive" macroeconomic policies and lower interest...
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....