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 price rallies over than 1.50% on Thursday after the Federal Reserve (Fed) reduced rates as expected despite Chair Jerome Powell's hawkish comments at the press conference. Falling US Treasury yields and geopolitics boosted the yellow metal, which trades at $3,995 at the time of writing. Bullion rebounds above $3,990 amid softer yields and geopolitical jitters. On Wednesday, the Fed reduced borrowing costs by 25 basis points to 3.75%-4% on a 10-2 split vote. The two dissenters were Fed Governor Stephen Miran, voting for a 50-bps cut, and Kansas City Fed President Jeffrey Schmid, who...
The US dollar traded higher for the second consecutive day against a basket of currencies. The greenback strengthened sharply on Wednesday, following hawkish comments from Fed Chairman Jerome Powell, extending its gains to the 99.25 area in Thursday's European session, as investors weighed the scope of a Sino-US trade deal. US President Donald Trump said he had a "wonderful" conversation with his Chinese counterpart, Xi Jinping, which concluded with an agreement to reduce tariffs in exchange for free trade in rare earths and minerals from China and a pledge to resume purchases of US...
Gold prices jumped 2% on Thursday (December 30th), driven by a weaker dollar following the Fed's interest rate cut and as investors remained uncertain about the outcome of a trade deal between the presidents of the world's two largest economies. Spot gold prices rose 1.9% to $4,004.75 per ounce at 09:18 GMT. US gold futures for December delivery fell 0.4% to $4,018.30 per ounce. "Gold prices appear to be strengthening as investors digest the outcome of the Trump-Xi meeting and the Fed's decision to cut interest rates for the second time this year," said Lukman Otunuga, senior research...
Oil prices fell on Thursday (October 30th) as investors assessed the potential for a truce in the trade dispute between the United States and China. President Donald Trump lowered tariffs on China after a meeting with President Xi Jinping in South Korea. Brent crude futures fell 53 cents, or 0.82%, to $64.39 per barrel at 09:08 GMT. US West Texas Intermediate crude fell 46 cents, or 0.76%, to $60.02. Trump agreed to reduce tariffs on China from 57% to 47% in a one-year deal in exchange for Beijing continuing purchases of US soybeans, maintaining the flow of rare earth exports, and cracking...
The dollar weakened slightly after hitting a two-week high on Wednesday, fueled by cautious signals from the Federal Reserve regarding the possibility of further interest rate cuts. The US central bank cut interest rates by 25 basis points, as expected, but Fed Chairman Jerome Powell said that further cuts in December were uncertain. This uncertainty arose from the absence of official labor market data during the US government shutdown, which prevented some policymakers from committing to further cuts. According to Thu Lan Nguyen of Commerzbank, the next determining factor will be the...
Silver prices on October 30, 2025, showed stable movement despite market uncertainty. After several days of pressure, silver managed to recover slightly, moving around $23.50 per ounce this morning. The strengthening US dollar, driven by hawkish sentiment from the Federal Reserve and declining appetite for safe havens, temporarily held silver back, but solid industrial demand supported it. The silver market was also overshadowed by concerns regarding Bank of Japan policy, which might impact global risk sentiment. Despite some pressure from a stronger bond market, demand for silver as an...
Oil edged lower as traders counted down to a summit between US President Donald Trump and Chinese counterpart Xi Jinping and, beyond that, an OPEC+ meeting on supply. West Texas Intermediate fell toward $60 a barrel, rolling back Wednesday's modest gain, while Brent closed below $65. The leaders of the two largest economies are expected to finalize a trade deal at their meeting in South Korea. Trump may also use the exchange to lean on Beijing to curb purchases of Moscow's oil after his administration imposed sanctions on two Russian producers. The OPEC+ alliance, meanwhile,...
Gold has eased below $3,950 an ounce after Fed Chair Powell warned a December cut is not a foregone conclusion, knocking market odds for another 25bp move and lifting the 10-year Treasury above 4%, which raises the financing cost of holding non-yielding bullion. That caution partly offsets the Fed's 25bp reduction to a 3.75–4.00% target range and its decision to end balance sheet runoff in December, both of which trim real short rates and add liquidity that normally support precious metals. Official buying by central banks and renewed ETF accumulation have tightened available metal in...
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....