Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer tone made the market a little more willing to take risks, thus easing the pressure to buy gold as a safe haven. However, the big picture hasn't changed: gold remains in high territory because the world remains filled with uncertainty. Trade wars could resurface at any time, geopolitical tensions haven't completely subsided, and investors are...
Silver (XAG/USD) traded 0.6% lower at around $38.80 during the European trading session on Friday (August 29th). The white metal corrected slightly after failing to extend its gains above $39.00, as investors await the US Personal Consumption Expenditures (PCE) Price Index data for July, due to be released at 12:30 GMT. Economists expect US core PCE inflation, the Federal Reserve's preferred inflation measure, to rise at a faster pace of 2.9% year-on-year compared to 2.8% in June, with the monthly figure remaining stable at 0.3%. Technically, signs of accelerating price pressures have...
Oil prices fell on Friday (August 29th) but were poised for weekly gains, swayed by uncertainty over Russian supplies and expectations of falling demand as the summer driving season nears its end in the United States, the world's largest fuel consumer. Brent crude futures for October delivery, which expire on Friday, fell 36 cents, or 0.5%, to $68.26 at 08:16 GMT, while the more active November contract fell 29 cents, or 0.4%, to $67.69. West Texas Intermediate crude futures fell 28 cents, or 0.4%, to $64.32. Brent was poised for a weekly gain of 0.8%, while WTI was expected to rise 1%....
Gold prices weakened slightly on Friday (August 29th), but are expected to post a monthly gain ahead of US inflation data that will provide more clues about the Federal Reserve's rate cut path. Spot gold fell 0.1% to $3,414.07 per ounce, as of 08:18 GMT. Bullion has gained 3.6% in August and reached $3,423.16 on Thursday, its highest level since July 23rd. US gold futures for December delivery fell 0.1% to $3,471.70. "In addition to a slight strengthening dollar, gold is also feeling the gravitational pull typically found around large round numbers. The market seems reluctant to allow gold...
The USD/CHF pair attracted some bids and strengthened near 0.8025 during the European trading session on Friday (August 29th). The Swiss Franc pair strengthened as the US Dollar (USD) traded slightly higher ahead of the US Personal Consumption Expenditures (PCE) Price Index data for July, which will be released at 12:30 GMT. At the time of writing, the US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, was slightly higher near 98.00. Investors will be closely watching core PCE inflation data – which excludes volatile commodities such as food and...
The USD/CHF pair attracts slight bids and rises to near 0.8025 during the European trading session on Friday. The Swiss Franc pair ticks up as the US Dollar (USD) trades marginally higher ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for July, which will be published at 12:30 GMT. During the press time, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, edges higher to near 98.00. Investors will pay close attention to the core PCE inflation data – which excludes volatile items such as food and energy – as it...
The Silver price (XAG/USD) slumps to near $38.80 during the early European trading hours on Friday. The white metal edges lower amid some profit-taking and a stronger US Dollar (USD). Traders brace for the US Personal Consumption Expenditures (PCE) Price Index report for July later on Friday for fresh impetus. The second estimate for US Gross Domestic Product (GDP) in the second quarter (Q2) of 2025 showed an annualized growth rate of 3.3%, a stronger figure than initially estimated, according to the US Bureau of Economic Analysis (BEA). The upbeat US GDP report diminishes the immediate...
Oil edged lower to head for a monthly loss, with trading dominated by concerns about a looming glut and geopolitical tensions, including US-led efforts to end the war in Ukraine. Brent for November delivery traded near $68 a barrel, with the global benchmark about 5% lower this month. West Texas Intermediate fell toward $64. Oil has lost ground in August on worries that global supplies will run ahead of demand in the coming quarters, boosting stockpiles. Investors are also focused on Ukraine, and potential shifts in crude flows from Russia. US President Donald Trump...
EUR/USD loses ground after three days of losses, trading around 1.1660 during the Asian hours on Friday. Traders await July Retail Sales and August preliminary Consumer Price Index (CPI) data from Germany later in the day. Focus will shift toward the July US Personal Consumption Expenditures (PCE) Price Index data due in the North American session. The EUR/USD pair depreciates as the US Dollar (USD) recovers ground, as the United States (US) economy grew in the second quarter. US Gross Domestic Product (GDP) Annualized climbed 3.3% in Q2, a faster pace than the initially estimated 3.1%...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
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....