The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9. The preliminary revision will cover the 12-month period through March 2025 before the final benchmark revision is reported within the employment report of February 2026. "Official establishment survey estimates are not updated based on this preliminary benchmark revision. The final benchmark revision will be incorporated into official estimates with the publication of the January 2026 Employment Situation news release in...
Gold traded above $2,810 per ounce on Tuesday, hovering near a record-high hit in the previous session, supported by safe-haven demand amid global trade uncertainties Markets continued to navigate the implications of U.S. tariffs, as President Donald Trump agreed to delay duties on Mexico and Canada for a month after the leaders of both countries took steps to address his concerns about border security and drug trafficking. Tariffs of 10% are still set to be imposed on China today, though Trump said he'd hold further talks to Beijing. The inflationary impact of tariffs could further...
Silver price (XAG/USD) continues its upward momentum, reaching near two-month highs and trading around $31.60 per troy ounce during Asian trading hours on Tuesday. Safe-haven metals, including Silver, are gaining ground as traders assess the potential impact of uncertain United States (US) trade policies on the global economy. On Monday, US President Donald Trump announced a temporary suspension of tariffs on Mexico and Canada after their leaders agreed to deploy 10,000 troops to the US border to combat drug trafficking. The tariffs initially imposed two days earlier—25% on Mexican and...
Gold held steady near a record high as President Donald Trump's tariff threats and subsequent delays raised uncertainty and supported higher demand for the precious metal. Bullion hit an all-time peak above $2,830 an ounce on Monday before paring gains to close up 0.6% after Trump said he would temporarily suspend 25% levies on Canada and Mexico for a month. The abrupt change sent the dollar retreating from its highest level in more than two years, making the precious metal cheaper for most buyers. There is still much uncertainty in the market about what will happen, tempering gold's...
The Australian Dollar (AUD) rebounds on Tuesday, ending its six-day losing streak as the AUD/USD pair rises amid a weakening US Dollar (USD). The USD depreciated after US President Donald Trump announced late Monday that he would pause tariffs on Mexico and Canada. However, market volatility remains a concern as investors closely watch developments in the ongoing tariff negotiations with China, Australia's key trading partner. President Trump stated that he would suspend steep tariffs on Mexico and Canada after their leaders agreed to deploy 10,000 soldiers to the US border to combat drug...
U.S. West Texas Intermediate (WTI) crude prices were down by 1.1%, or 0.80 cents, to $72.36 at 2323 GMT after U.S. President Donald Trump agreed to pause imposing steep tariffs on Mexico and Canada for one month. Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump's demand to crack down on immigration and drug smuggling. That would pause 25% tariffs due to take effect on Tuesday for 30 days. Canada and Mexico are the biggest oil suppliers to the United States, the world's top...
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...