United States (US) President Donald Trump and Russian President Vladimir Putin concluded an initial face-to-face meeting in Alaska late Friday, with both parties delivering mutually inconclusive statements. Trump and Putin both delivered vague promises of "progress" on multiple fronts, but initial details remain light. Now, President Trump will be pivoting to hand-delivering Russia's peace proposals on Ukraine to both the Ukrainian and European Union government bodies. Key Putin highlightsMeeting has been long overdue.Ukraine situation was one of key issues.Ukraine war is a tragedy, great...
Silver prices slipped nearly 1% to around $32.30 per ounce on Tuesday, as investors locked in profits following a strong rally in precious metals. The pullback came after recent gains driven by safe-haven demand amid rising fears over the global economic impact of escalating trade tensions. Market sentiment was weighed down by stalled US-China trade negotiations, with Beijing accusing Washington of abusing tariffs and cautioning other countries against one-sided deals. Meanwhile, President Donald Trump's calls for immediate interest rate cuts—and threats to remove Federal Reserve Chair...
USD/CHF continues to slide for the third consecutive session, trading near 0.8070 during Tuesday's Asian session. The pair remains under pressure as the US Dollar (USD) struggles against a backdrop of escalating economic and political uncertainty in the United States. This uncertainty has amplified the Swiss Franc's (CHF) earlier gains, initially fueled by President Donald Trump's aggressive reciprocal tariff proposals. These developments have driven investors toward safer assets, such as foreign currencies and gold, away from USD-denominated securities. The CHF's recent strength against...
The Japanese Yen (JPY) jumps to a fresh seven-month high against a broadly weaker US Dollar (USD), dragging the USD/JPY pair closer to the 140.00 psychological mark during the Asian session on Tuesday. Fears that US President Donald Trump's tariffs and the escalating US-China trade war would dent global economic growth continue to boost demand for traditional safe-haven assets, including the JPY. Apart from this, the growing acceptance that the Bank of Japan (BoJ) will continue raising interest rates in 2025 turns out to be another factor underpinning the JPY. The USD, on the other hand,...
Gold price continues to build on its record rally, closing in on the $3,500 mark in Asian trading on Tuesday. Investors continue to flock to safety in the traditional store of value, the Gold price, amid no confidence in the US Dollar and Trump's attacks on Fed Chairman Powell.ust as the US-China trade war-led US recession fears weren't enough to sap investors' confidence, US President Donald Trump doubled down on his criticism of Federal Reserve (Fed) Chairman Jerome Powell since last Friday, negatively impacting the already beleaguered US Dollar (USD), lifting the traditional safe-haven...
The Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Tuesday. The AUD/USD pair appreciates as investor sentiment took a hit following renewed criticism from US President Donald Trump directed at Federal Reserve (Fed) Chair Jerome Powell, raising fresh concerns about the Fed's independence. White House economic advisor Kevin Hassett said on Friday that Trump is exploring whether he has the authority to dismiss Powell. Trump also warned in a Truth Social post that the economy could slow down unless Powell acts swiftly to lower interest rates. Adding to the market...