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 (XAU/USD) attracted some dip buyers near $2,655 levels on Thursday and re-emerged near four-week highs touched the previous day. Cautious market sentiment, geopolitical risks, and concerns over US President-elect Donald Trump's tariff plans turned out to be key factors supporting the safe-haven commodity. Further, the flight to safety triggered a modest pullback in the US Treasury bond yields and drove some flows towards the precious metal for the third straight day. Meanwhile, the Federal Reserve's (Fed) hawkish signal that it will slow the pace of interest rate cuts in 2025 helped...
WTI crude prices settled above $73 a barrel on Thursday, paring earlier losses as investors weighed a sharp rise in U.S. fuel inventories against concerns about tighter supplies. The latest EIA report showed a nearly 1 million-barrel drop in U.S. crude inventories last week, the seventh straight decline, but also a significant increase of 6.3 million barrels in gasoline and 6.1 million in distillates. Meanwhile, OPEC production fell in December after two months of growth, as UAE field maintenance offset gains, including an increase in Nigerian output. Russian oil production also fell...
The EUR/USD pair trades in negative territory for the third consecutive day around 1.0310 during the early European session on Thursday. The downbeat German November Factory Orders and the expectation of aggressive rate cuts by the European Central Bank (ECB) this year weigh on the Euro (EUR) against the Greenback. Later on Thursday, the Eurozone Retail Sales for November and the Fedspeak will be in focus. German Factory Orders sank lower unexpectedly in November, with the figure falling by 5.4% MoM in November, compared to a decline of 1.5% in the previous reading, the Federal Statistics...
Gold price (XAU/USD) drifts lower during the Asian session on Thursday and moves away from a four-week top, around the $2,670 area touched the previous day. The US Dollar (USD) stands firm near a two-year peak touched last week in the wake of the Federal Reserve's (Fed) hawkish shift, which, in turn, is seen as a key factor undermining the non-yielding yellow metal. In fact, the Fed indicated that it would slow the pace of interest rate cuts in 2025 amid a still resilient US economy, signs that the US labor market remained robust and sticky inflation. That said, concerns about US...
Silver price (XAG/USD) continues its upward momentum, rising for the sixth consecutive day to trade near $30.10 per troy ounce, close to three-week highs during Thursday's Asian session. The precious metal, often considered a safe-haven asset, gains support amid uncertainty surrounding inflation and potential tariffs under President-elect Trump's administration, as highlighted by the US Federal Reserve (Fed).In addition, robust growth in 2024 has boosted industrial demand for Silver, which is on track to surpass 700 million ounces (Moz) for the first time. This surge is driven by its...
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...