Asian markets are expected to open mixed. Australia's S&P/ASX 200 is expected to start the day slightly lower, with futures tied to the benchmark at 8,838, compared to the index's last close of 8,873.8. Japan's Nikkei 225 is expected to open higher, with futures in Chicago at 42,795, while those in Osaka last traded at 42,770, compared to the index's last close of 42,649.26. Futures for Hong Kong's Hang Seng Index were at 25,316, indicating a weaker open compared to the HSI's last close of 25,519.32. (alg) Source: CNBC
Gold (XAU/USD) traded higher on Friday (04/07) as news of US President Donald Trump's "Big, Beautiful" bill made its way into the market. With markets closed in the US for Independence Day, XAU/USD was trading above $3,330 at the time of writing. Liquidity is expected to remain light in the US following the holiday weekend, which could make bullion sensitive to developments that could affect risk sentiment. Risk appetite improved this week, following reports that the US was making progress in trade talks ahead of a July 9 deadline. However, the mood changed slightly on Friday due to tariff...
The U.S. dollar slipped lower Friday, handing back some of the previous session's gains with attention turning to the July 9 deadline for U.S. trade deals. U.S. markets are closed Friday for the Independence Day holiday. Dollar slips on trade uncertaintyThe U.S. currency rallied on Thursday after stronger than expected U.S. jobs data pushed out the timing for potential rate cuts by the Federal Reserve. However, these gains have proved short-lived as attention has shifted to the ongoing trade negotiations between the U.S. and a substantial number of its trading partners, with hefty tariffs...
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major producers are set to agree to raise their output this weekend. Brent crude futures were down 35 cents, or 0.51%, to $68.45 a barrel by 0730 GMT, while U.S. West Texas Intermediate crude fell 25 cents, or 0.37%, to $66.75. Trade was thinned by the U.S. Independence Day holiday. U.S. news website Axios reported on Thursday that the U.S. was planning to meet with Iran next week to restart nuclear talk, while Iran Foreign Minister Abbas Araqchi said Tehran remains...
Gold price (XAU/USD) maintains its bid tone through the first half of the European session on Friday, though it remains below a one-week high touched the previous day. The US Dollar (USD) struggles to capitalize on the upbeat US NFP-inspired rally on Thursday amid concerns that US President Donald Trump's 'One Big Beautiful Bill' would worsen the country's fiscal situation. This, along with persistent trade-related uncertainties, turns out to be a key factor underpinning demand for the safe-haven precious metal. Meanwhile, traders dialled back expectations that the Federal Reserve (Fed)...
Silver prices held firm above $36.80 per ounce on Friday, approaching 13-year highs as renewed global trade tensions bolstered demand for safe-haven assets. Investors remained on edge after President Donald Trump announced plans to begin sending letters outlining new trade tariffs or potential deadline extensions as early as Friday, fueling uncertainty in global markets. Adding to market anxiety, the US House of Representatives passed Trump's sweeping tax cuts and spending bill, which now heads to the White House for his signature. The legislation is expected to widen the federal budget...