Thursday, 14 August 2025
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RECENT NEWS
USD/CHF weakens to 0.9025 area amid rising trade tensions, modest USD weakness

USD/CHF pair meets with some supply during the Asian session on Thursday and for now, seems to have snapped a three-day winning streak to the weekly top, around the 0.9055 area touched the previous day. Spot prices currently trade near the lower end of the daily range, around the 0.9025 region, and seem vulnerable to sliding further. US President Donald Trump said on Wednesday that he will announce tariffs on a number of products next month or even sooner. This fuels concerns about a global trade war and tempers investors' appetite for riskier assets, which is evident from a generally...

Gold price stands firm near all-time high amid rising trade tensions

Gold price (XAU/USD) sticks to its positive bias through the Asian session on Thursday and currently trades around the $2,944 area, just below the all-time peak touched the previous day. Worries that US President Donald Trump's tariffs on imported goods could spark a global trade war weigh on investors sentiment and underpin demand for the safe-haven bullion. Moreover, flight to safety triggers a fresh leg down in the US Treasury bond yields and further benefits the non-yielding yellow metal.Meanwhile, declining US bond yields fail to assist the US Dollar (USD) to capitalize on this week's...

Oil eases after report of rising US crude inventories

Oil prices edged lower on Thursday after an industry report showing a build in U.S. crude stockpiles weighed on sentiment, falling back from gains made in the previous session on worries over supply disruptions in Russia. Brent futures were down 17 cents at $75.87 a barrel by 0600 GMT. U.S. West Texas Intermediate crude dropped 30 cents to $71.95. The March contract expires on Thursday and the more active April contract eased 22 cents to $71.88. Oil prices, which held near a one-week high on Wednesday, were on track to snap a three-session winning streak on Thursday. U.S. crude stocks...

The EUR/USD pair recovers some lost ground

The EUR/USD pair recovers some lost ground to near 1.0425 during the early European trading hours on Thursday. The weakening of the US Dollar (USD) provides some support to the major pair. However, tariff concerns from US President Donald Trump and geopolitical tension might cap its upside. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a...

Gold Futures Set Fresh Record With Further Upside Potential

Gold futures rise to a fresh high. Futures are up 1.2% at $2,971.30 a troy ounce after a new record of $2,973 an ounce earlier in the session. Gold's near 12% rise year to date surpasses even MUFG's above-consensus expectations, analysts say in a note. Gold's rally has shrugged off a higher U.S. dollar and yields as well as growing Russia-Ukraine war settlement prospects, MUFG says. MUFG keeps its end-of-year spot gold estimate of $3,080 an ounce, but said there was clear upside potential. The bullion looks well-positioned to hedge risks from U.S. President Trump's policies. Should Trump...