The dollar index hovered around 97.8 on Tuesday as investors returned from the holiday weekend and awaited crucial labor market reports this week that could shape the Federal Reserve's policy path. Attention is on Friday's August payrolls release, alongside unemployment, job openings, and private hiring figures. The greenback has faced pressure recently as markets boosted bets on Fed rate cuts despite sticky inflation, with traders pricing in nearly a 90% chance of a 25 basis point reduction later this month. San Francisco Fed President Mary Daly said Friday the central bank is prepared to...
Gold (XAU/USD) prices recovered recent losses from the previous session, despite lower trading volumes on Monday (12/30) than usual ahead of the New Year holiday. Safe-haven Gold gained support as markets anticipated signals about the United States (US) economy under the incoming Trump administration and the Federal Reserve (Fed) interest rate outlook for 2025. Safe-haven demand for the yellow metal could increase as potential tariffs and trade policies by the incoming Trump administration, which could trigger trade conflicts, boost risk-off sentiment. Source: Newsmaker.id
Silver prices edged higher in Asia as traders anticipated signals on the US economy under President-elect Donald Trump. Silver recovered from earlier losses amid low trading volumes ahead of the New Year holiday. Potential tariffs and trade policies from Donald Trump could trigger a trade conflict, boosting risk-off sentiment and supporting demand for safe-haven assets such as Silver. However, the prospect of fewer Fed rate cuts in 2025 may limit the upside in non-yielding Silver.
Gold moved steadily in the $2620s area amid small trading volumes due to the holidays that have begun in several world markets. Gold itself opened with slight gains after previously closing with a decline. Gold is heading for one of its biggest annual gains this century, with a 27% increase driven by US monetary easing, ongoing geopolitical risks, and a wave of central bank purchases.
Gold prices started the Asian session with a slight increase after previously closing lower on Friday. The increase occurred as the market anticipated signals from the US economy and the Fed's interest rate outlook for 2025 after the PCE data came in below expectations. Israel's attack on Yemen is also one of the factors driving gold at this time. Gold, a non-yielding asset, gained traction as the below-forecast US PCE inflation data raised expectations for a limited Fed interest rate cut next year, hinting at the possibility of more cuts.
Silver prices fell around $29.40 in thin US midday trading after the Christmas holiday on Friday (12/27). The white metal came under pressure even as tensions in the Middle East between Israel and Iran have escalated. On Thursday, Israel launched missiles at the Iranian-backed Houthi military and bombed Yemini airport. Following the airstrike, Israeli Prime Minister Benjamin Netanyahu said in an interview with Israeli Houthi TV, "We are just getting started with them." Israel retaliated against last week's airstrike by Iran. Historically, rising geopolitical tensions increase demand for...
Gold prices plunged and are on track for a weekly decline amid light holiday trading. Gold was trading at $2,615 an ounce in the US Central session, and is set to end the week lower. The precious metal has been declining against stronger US Treasury yields, with the market looking to 2025 for fresh catalysts. Market pessimism around the prospect of a significant US interest rate cut in the new year has continued to weigh on gold prices in late December, reflecting hawkish Federal Reserve comments and the inflationary nature of many of President-elect Donald Trump's proposed policies....
Gold (XAG/USD) prices moved lower amid a quiet post-Christmas holiday trade, trading near $29 during the Asian session on Friday(12/27).Non-yielding silver gained traction as modest US PCE inflation data challenged expectations of limited Fed rate cuts next year, hinting.The safe-haven appeal was supported by rising geopolitical risks stemming from the prolonged Russia-Ukraine conflict and ongoing tensions in the Middle East. Source: Newsmaker.id
Gold prices moved in the $2632 placement area in the Asian session on Friday (12/27).This precious metal has become a safe haven asset that can find support to rise as the market anticipates signals regarding the United States (US) economy under the upcoming Trump administration and the outlook for Federal Reserve (Fed) interest rates for 2025.Until this news was released, the Gold Price was at $2,632 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....