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...
Silver moved positive to $29.6 per ounce, rebounding from a three-month low hit on Dec. 19 as the market reconsidered the level of hawkishness expected from the Fed next year. The white metal rebounded strongly on Friday from a more than three-month low of $28.75 after the release of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for November, which showed that price pressures grew at a slower pace than expectations. Source: Newsmaker.id
Gold is headed for a weekly decline, as traders weigh the outlook for interest rates after the U.S. Federal Reserve reduced expectations for a rate cut next year. Bullion is trading above $2,605 an ounce, down 1.6% for the week. The Fed cut interest rates on Wednesday, but investors are more focused on comments from Chairman Jerome Powell, who said that while the bank is "on track to continue cutting," officials must first see more progress on inflation. Lower interest rates are usually positive for gold, as it does not pay interest. Source: Newsmaker.id
Gold (XAU/USD) price extended its solid intraday recovery from a one-month low and rose to a fresh intraday high, around the $2,622 area during the early European session on Thursday (19/12). Global risk sentiment deteriorated in reaction to the Federal Reserve's (Fed) hawkish interest rate cut on Wednesday. This, along with geopolitical risks and trade war fears, turned out to be the main factors driving safe-haven inflows towards the precious metal. Source: Newsmaker.id
Gold is in the $2594 area, This level is included in the negative level at the beginning of Thursday (12/19). This is because traders consider the outlook for interest rates after the Federal Reserve signaled caution over the path of easing next year.The US central bank cut interest rates for the third time in a row, but controlled the number of reductions expected in 2025. Fed Chairman Jerome Powell told reporters that while the bank is "on track to continue cutting," officials must first see more progress on inflation. Note: This article is only an analysis and is not a definitive...
Gold held steady early on Wednesday (18/12) ahead of an expected US interest rate cut later in the day as the Federal Reserve's policy-making committee wraps up its two-day meeting. The precious metal has held within a $5.00 range so far this week, ahead of a widely expected 25 basis point US interest rate cut from the Federal Open Market Committee, the third rate cut in a row. Source: Newsmaker.id
Gold prices were stable in early Asian trading on Wednesday (12/18) as the market awaits the Federal Reserve's interest rate decision, where a rate cut is expected to occur.The direction of future monetary policy is still uncertain, especially due to potential inflationary pressures. Source: Newsmaker.id
Silver held below $30.5 an ounce on Tuesday (12/17) after facing heavy selling pressure in recent sessions, weighed down by concerns about a more measured pace of easing from the U.S. Federal Reserve next year. The Fed is widely expected to implement a 25 basis point interest rate cut this week, but may signal fewer cuts for 2025 due to concerns about a potential resurgence in inflation. Silver and other metals are also facing pressure from ongoing demand uncertainty in China, the world's largest consumer of the metal. Source: Newsmaker.id
Gold was trading at $2,652 an ounce, on Tuesday morning (12/17) after posting a modest gain in the previous session as investors analyzed mixed U.S. data. Meanwhile, traders are now remaining cautious ahead of interest rate decisions by major central banks, including the Federal Reserve, due to be released on Wednesday this week. Source: NewsMaker
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....