Gold prices have the potential to gain support this morning following news of US President Donald Trump's removal of Federal Reserve Governor Lisa Cook. This action raises uncertainty regarding the direction of the Fed's monetary policy, as Trump's move is seen as an attempt to expand his influence over the central bank. Political uncertainty and the risk of intervention in the Fed's independence typically drive investors to seek safe-haven assets, including gold, to cushion price declines or even drive gains in early trading.
Furthermore, market expectations for a Fed interest rate cut remain high following Fed Chairman Jerome Powell's dovish comments last week. With the combination of political uncertainty and the potential for a rate cut, the US dollar has the potential to weaken, supporting USD-denominated gold prices.
Oil prices reversed after a four-day rally as the market sought certainty about supply. Investors were also monitoring the impact of US President Donald Trump's decision to remove Fed Chair Lisa Cook,...
Silver prices showed some strength this morning, as market participants shifted their attention to the precious metal as a safe-haven asset following the dismissal of Federal Reserve Chair Lisa Cook. ...
Silver prices (XAG/USD) weakened on Monday (August 25th), hovering around $38.749 per troy ounce after a three-day rally. This weakening was in line with the slight strengthening of the US dollar, whi...
Gold prices were stable during the Asian session on Monday (August 25th), driven by a strengthening US dollar, but Powell's dovish signals at Jackson Hole kept downside risks limited. Expectations of ...
The bias remains positive after Powell hinted at a Fed rate cut in September, raising the odds of a rate cut to ~80–90%. A softer dollar and yields are a tailwind for silver; near-term catalysts: the ...
Oil prices reversed after a four-day rally as the market sought certainty about supply. Investors were also monitoring the impact of US President Donald Trump's decision to remove Fed Chair Lisa Cook, which sparked concerns about the central bank's...
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, corrects to 98.30 during the Asian trading session on Tuesday, following a decent recovery move the previous day. The US Dollar (USD) faces selling...
President Donald Trump said the US has more leverage over China on trade than the other way around, citing airplane parts as a key item Washington has to counter Beijing's restrictions on rare earths. "We have much bigger and...
Asia-Pacific rose Monday, tracking Wall Street gains after Federal Reserve Chair Jerome Powell signaled that the central bank could begin easing...
European markets were lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve...
Israeli strikes on Nasser hospital in Gaza on Monday killed at least 15 people, including four journalists, one of whom worked for Reuters,...
Stocks in the US closed lower on Monday as investors took a breather from last week's powerful rally and turned their focus to Nvidia's highly...