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...
Gold prices held firm as momentum for a US interest rate cut solidified after Fed Chairman Jerome Powell opened the door to a September rate cut. Gold reached nearly $3,370 per troy ounce, extending Friday's 1.1% gain when Powell raised risks to the labor market at Jackson Hole despite lingering inflation concerns. The 2-year Treasury yield—which is sensitive to policy—fell, while the dollar strength index weakened after the comments, boosting non-yielding, USD-priced gold. Derivatives market participants now rate the probability of a September rate cut above 85%, but the policy direction...
Oil steadied after a weekly gain as traders tracked tensions over supplies, as well as the wider mood for risk assets after the Federal Reserve signaled a return to interest-rate cuts. Brent traded near $68 a barrel after rising almost 3% last week, while West Texas Intermediate was above $63. The US has threatened to double a tariff on all imports from India to 50% in retaliation for the nation's purchases of Russian oil. Ahead of the penalty — which is set to take effect on Wednesday — Indian diplomats have said local processors would continue taking crude from...
In today's trading, the USD/JPY currency pair showed significant movement. After strengthening to a two-month high above 148.00 on Friday, August 22, 2025, USD/JPY experienced a sharp decline as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium. Powell's dovish remarks, indicating a possible interest rate cut at the September meeting, put pressure on the US dollar, while the Japanese yen remained under pressure from less than encouraging domestic economic data. Previously, USD/JPY reached an intraday high of 147.60 on August 21,...
The AUD/USD strengthened in today's trading, as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole symposium. Powell's dovish tone, which hinted at a possible interest rate cut at the September meeting, boosted non-dollar currencies, including the Australian dollar. The AUD's strengthening was also supported by relatively stable Australian domestic economic data. Surveys showed Australia's service and manufacturing sectors showing signs of recovery, although inflation remained above the Reserve Bank of Australia's (RBA) long-term...
The GBP/USD pair showed significant movement. After dropping to a two-week low below 1.3400 on Friday, August 22, 2025, it rallied again as the US dollar weakened following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium. Powell's dovish remarks, indicating the possibility of an interest rate cut, drove a sharp decline in the US dollar, giving the pound sterling room to strengthen again. External factors, such as President Trump's tariff policies, also influenced GBP/USD movements. Aggressive tariff policies can increase global economic uncertainty, which in...
The US dollar (USD) weakened against most major currencies in Friday trading, following Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole forum. Powell's dovish tone further strengthened market confidence that the central bank would soon ease monetary policy, with the odds of an interest rate cut in September now approaching 90%. Powell Signals Easing In his speech, Powell acknowledged that the US labor market is currently showing significant signs of weakness. He described this condition as a "strange balance" because the decline is occurring on both the supply...
EUR/USD skyrockets during the North American session after Federal Reserve (Fed) Chairman Jerome Powell leaned dovish at his Jackson Hole speech, opening the door for a resumption of the easing cycle. The pair trades at 1.1718, up by 0.97%. Market participants began to price in a Fed rate cut in September as the Fed Chair Jerome Powell said that "The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance." He added that there's a "reasonable base case" to think that tariffs would create a "one-time"...
Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for the first time in three weeks. Brent crude futures settled up 6 cents or 0.09% to $67.73. West Texas Intermediate (WTI) crude futures settled up 14 cents or 0.22% to $63.66. Both contracts gained more than 1% in the previous session. Brent gained 2.9% this week while WTI rose 1.4%. "Everyone is waiting for President Trump's next step," said UBS commodity analyst Giovanni Staunovo. "Over the coming days, it seems nothing will happen," he...
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....