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...
Pasangan USD/JPY bergerak turun mendekati 155,40 pada sesi Amerika Utara hari Rabu (29/1). Aset tersebut diperdagangkan dengan hati-hati meskipun Dolar AS (USD) berkinerja kuat menjelang keputusan kebijakan moneter Federal Reserve (Fed) pada pukul 19:00 GMT. Indeks Dolar AS (DXY), yang melacak nilai Greenback terhadap enam mata uang utama, menyentuh level tertinggi tiga hari mendekati 108,30. Indeks USD menguat karena para pedagang yakin bahwa Fed akan mengumumkan jeda dalam kebijakan ekspansif dan mempertahankan suku bunga tetap pada kisaran 4,25%-4,50%. Dalam tiga pertemuan kebijakan...
Oil prices fell on Wednesday, following a rise in U.S. crude inventories and easing concerns over Libyan supplies, while focus shifted to potential U.S. tariffs on Canadian and Mexican imports. Brent crude futures were down 59 cents, or 0.76%, at $77.90 a barrel by 0916 GMT, while U.S. crude futures were down 55 cents, or 0.75%, at $73.22. The White House said on Tuesday that U.S. President Donald Trump still plans to impose 25% tariffs on Canada and Mexico on Saturday. "Crude prices continue to follow the beat of Trump's tariff orchestra, with Canadian tariffs coming into effect on...
The US dollar has edged lower this week, and amid all the noise affecting financial markets, the foreign exchange market is primarily focused on tariff uncertainty, according to Bank of America Securities. At 8:20 a.m. ET (13:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.3% higher at 108.045, but remains slightly lower on the week. Ahead of the presidential inauguration, market speculation that some broader tariff announcements would be on the agenda for "Day 1" sent the Dollar Index to its highest point in 2 years. Since...
Gold (XAU/USD) prices are trading broadly flat and steady around $2,760 at the time of writing on Wednesday (1/29) after a volatile start to the week. No major moves are expected, as some traders wait until the Federal Reserve (Fed) interest rate decision later in the day. Lower US interest rates are often seen as favorable for Gold to trade higher. Market expectations suggest that the Fed is likely to keep interest rates unchanged in the 4.25%-4.50% range, so traders would rather focus on Fed Chair Jerome Powell's comments on the central bank's policy outlook. And here, traders may be in...
EUR/USD traded cautiously near 1.0420 in the European session on Wednesday (29/1), with investors focused on the Federal Reserve's (Fed) monetary policy announcement at 19:00 GMT. The Fed is widely anticipated to keep interest rates steady in the 4.25%-4.50% range as officials worry that the disinflationary trend towards the central bank's 2% target has stalled and the labor market has stabilized. With markets already fully pricing in the Fed leaving rates unchanged, investors will be closely watching Fed Chairman Jerome Powell's press conference after the policy decision. Investors will be...
The pound (GBP) strengthened near 1.2450 against the US dollar (USD) in the European session on Wednesday (29/1). The GBP/USD pair strengthened as the US dollar weakened as investors liquidated some risk-off trades built on concerns that China's affordable DeepSeek Artificial Intelligence (AI) models would challenge the dominance of top-tier chatbots, such as OpenAI and Meta, narrowing China's technological gap with the United States (US). The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, fell near 107.75. The greenback is also trading...
The Silver price (XAG/USD) trades with mild gains around $30.40 during the Asian trading hours on Wednesday. The uncertainty surrounding new tariff policies under US President Donald Trump's administration could provide some support to the precious metal. Later on Wednesday, all eyes will be on the Federal Reserve (Fed) meeting. The Fed interest rate decision on Wednesday will play a pivotal role in shaping the direction of Silver price. The US central bank is expected to hold its benchmark rate steady at its January meeting at its current range of 4.25%–4.50%. In December Fed Chair Jerome...
Gold prices traded around $2,765 per ounce on Wednesday, extending a slight recovery from the previous session as uncertainty over US tariffs spurred safe-haven demand. On Monday, President Trump announced plans to impose tariffs on imported computer chips, pharmaceuticals, and steel to boost domestic production. White House spokeswoman Karoline Leavitt also confirmed on Tuesday that Trump still plans to follow through with tariffs on Canada and Mexico starting February 1st and is considering new tariffs on China. Investors' focus is now set upon the Federal Reserve's first policy meeting...
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....