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 is trading steadily in the early Asian trade, after hitting a record high recently. The precious metal's recent strength comes as no surprise, given rising global economic uncertainty, says Quasar Elizundia, Pepperstone research strategist in a note. The market continues to show a strong appetite for safe-haven assets, especially with the U.S. Federal Reserve's interest rate decision due later this week, Elizundia says. A more dovish stance from Fed Chair Powell could boost non-yielding assets, including gold, Elizundia says. Spot gold is flat at $3,000.58/oz. Source : Dow Jones...
EUR/USD rises to near 1.0900 in North American trading hours on Monday. The major currency pair gains as the US Dollar (USD) drops as investors turn cautious ahead of the Federal Reserve's (Fed) interest rate decision, which will be announced on Wednesday. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, falls to near 103.50. The Fed is almost certain to keep interest rates steady in the current range of 4.25%-4.50%. Therefore, the US Dollar's (USD) outlook will be guided by the Fed's dot plot, which shows where officials see interest rates heading...
DXY dips toward session lows as traders brace for Trump-Putin meeting.US Retail Sales disappoint, reinforcing concerns over economic momentum.Federal Reserve decision looms with markets positioning cautiously.Technical indicators suggest potential stabilization after sharp losses.The US Dollar remains under pressure at the start of the week, drifting lower as investors digest softer-than-expected Retail Sales data and brace for key political developments. On Tuesday, President Donald Trump is set to engage in discussions over Ukraine with Russian President Vladimir Putin. Meanwhile, bond...
The AUD/USD pair surged higher on Monday, benefiting from improved risk sentiment following China's monetary stimulus measures. The Australian Dollar strengthened broadly as investors reacted positively to the prospect of increased liquidity in the Chinese economy. Meanwhile, traders are turning their attention to upcoming events, including the Federal Reserve's (Fed) policy decision and Australia's employment data for February, which could provide further direction for AUD/USD.Australian Dollar strengthens as risk sentiment improvesThe Australian Dollar extended Friday's rally, with AUD/USD...
Gold price rises on Monday late in the North American session, hoover near the $3,000 mark for the second straight day, after data from the United States (US) shows the economy is cooling. The XAU/USD trades at $2,999, up over 0.40%. Risk appetite improved as reflected by US equities with traders shrugging off a weak US Retail Sales report for February. In addition, the New York Fed Empire State Manufacturing Index plunged, sparking fears that the economy might be tipped into a recession. Therefore, money market futures are pricing in 64 basis points (bps) of easing by the Federal Reserve...
Gold's price (XAU/USD) trades sub $3,000, near $2,990 at the time of writing on Monday following Friday's take-profit-led correction after hitting a fresh all-time high of $3,005. Traders are bracing for a rather eventful week with the German Bundestag set to vote on the defense spending plan, which would boost the European industry by €1 trillion, on Tuesday. On that same day, United States (US) President Donald Trump is scheduled to meet Russian President Vladimir Putin on a possible peace deal for Ukraine. As if that is not enough, the US Federal Reserve (Fed) and its Federal Open Market...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is getting ready for one the most important phone calls in nearly a decade history while the biggest central bank is considering its next steps in monetary policy this week. At the time of writing on Monday, the DXY index edges lower and trades near 103.40 after the United States (US) Retail Sales data release for February. On the geopolitical front, a high-stakes meeting between US President Donald Trump and Russian President Vladimir Putin is scheduled on Tuesday, with the two...
The Pound Sterling (GBP) jumps to near 1.2970 against the US Dollar (USD) at the start of the week. The GBP/USD pair rises as the US Dollar Index, which tracks the Greenback's value against six major currencies, declined to near 103.50. The USD Index weakens while investors await the monetary policy decision from the Federal Reserve (Fed) and the Bank of England (BoE), which will be announced on Wednesday and Thursday, respectively. Both the Fed and the BoE are expected to keep interest rates steady. According to the CME FedWatch tool, the Fed is almost certain to keep borrowing rates...
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....