Gold prices fell today as many investors took profits after a long rally that had seen them reach record highs. When a large number of investors sold to lock in profits, this selling pressure automatically put downward pressure on prices in the global market. In addition to profit-taking, the market also experienced a technical correction towards the end of the year. After a significant increase in the past few days, this correction is normal as the market adjusts prices and seeks a new equilibrium level before entering the new year. Although gold prices have fallen temporarily, gold's...
The US Dollar Index (DXY) remains marginally higher in a quiet year-end session on Wednesday. Still, the Index has given away most of the daily gains, after peaking at 98.44, and trades near 98.25 heading into the US session opening. The DXY, which measures the value of the greenback against a basket of six currencies, is trading about 2% below November's peak, at 100.40, and on track to a nearly 10% yearly depreciation, its weakest performance in the last eight years. The US Dollar has been one of the weakest G8 performers in 2025Investors' concerns about the impact of US President Donald...
EUR/USD loses ground for the sixth consecutive day on Wednesday, trading below 1.1730 after peaking above 1.1800 last week. The pair struggles amid a moderate US Dollar (USD) rebound following the release of December's Federal Reserve Monetary Policy Meeting minutes. From a wider perspective, however, the common currency remains on track to a 14% yearly appreciation, boosted by the monetary policy divergence between the European Central Bank (ECB) and the Fed. Apart from that, US President Donald Trump's erratic trade policies and the softening US economy have weighed heavily on the...
The US Dollar Index (DXY) remained slightly higher in a quiet year-end session on Wednesday. However, it has lost most of its intraday gains, having peaked at 98.44, and is trading near 98.25 ahead of the US open. The DXY, which measures the greenback against a basket of six currencies, is trading about 2% below its November peak of 100.40 and is on track for a nearly 10% annual decline, its weakest performance in eight years. The US dollar has been one of the weakest performers in the G8 in 2025. Investor concerns about the impact of US President Donald Trump's erratic trade policies and...
Gold (XAU/USD) prices fell slightly on the final trading day of 2025, trading near $4,310 per troy ounce during Wednesday's European session. Non-yielding precious metals, including gold, lost ground after the minutes of the Federal Open Market Committee (FOMC) December meeting, released on Tuesday, indicated a deep split within the committee. Some Federal Reserve (Fed) officials have said it may be best to leave interest rates unchanged for the time being after the committee delivered three rate cuts this year. However, some policymakers believe it may be appropriate to refrain from...