Gold prices dropped nearly 4% over two days to $3,305, retreating from a Tuesday peak above $3,400, as optimism from a US-UK trade deal fueled risk appetite and strengthened the US Dollar. The US Dollar Index (DXY) surged 0.85% to 100.71, pressuring precious metals, while the Federal Reserve’s steady rate …

A landmark US-UK trade agreement, unveiled on May 8, 2025, sparked a surge in US Treasury yields and renewed optimism for global economic growth, despite lingering tariff uncertainties. The deal, announced by President Donald Trump during a call with UK Prime Minister Keir Starmer, sets a 10% tariff baseline on …

The US Dollar held steady near 100.00, supported by a new US-UK trade agreement and robust economic data, despite lingering tariff concerns. The Federal Reserve’s recent decision to maintain rates at 4.25%-4.50% and global monetary policy shifts also shaped market dynamics, while upcoming US-China trade talks added to the mix. …

The Canadian Dollar experienced a significant downturn on Thursday, weakening by 0.66% against the resilient US Dollar. This decline marks a second consecutive day of losses for the Loonie, primarily fueled by growing market optimism surrounding potential trade deal advancements, particularly the recently announced agreement in principle between the United …

On May 8, 2025, President Donald Trump celebrated a landmark US-UK trade agreement, boosting market access and economic ties, while signaling potential tariff reductions with China ahead of crucial weekend talks. Criticizing Federal Reserve Chair Jerome Powell for holding rates steady, Trump argued that rate cuts would provide “jet fuel” …

The Pound Sterling rallied, with GBP/USD climbing 0.15% to 1.3300, fueled by a new US-UK trade agreement and a hawkish Bank of England (BoE) rate cut to 4.25%. Despite robust US jobless claims data, the US Dollar struggled, as the Federal Reserve’s decision to hold rates at 4.25%-4.50% underscored tariff-driven …

President Donald Trump made a flurry of remarks on Thursday, highlighting what he described as a major breakthrough in trade relations with the United Kingdom.Key TakeawaysJust concluded rare earth deal with Ukraine. Speaking with Zelenskiy soon. Reached breakthrough deal with UK. UK agreement increases access for beef, ethanol. UK will …

The US Dollar surged to 99.89, buoyed by the Federal Reserve’s decision to hold interest rates at 4.25%-4.50%, while gold prices fell over 1.5% to $3,364 after peaking at $3,438, driven by improved risk appetite. Despite the Fed’s cautious outlook, warning of tariff-driven inflation and economic uncertainty, US stocks rallied, …

US stocks climbed higher, shrugging off a sobering Federal Reserve statement that warned of rising inflation and economic uncertainty. Fueled by optimism over upcoming US-China trade talks and standout earnings from companies like Disney, the Dow Jones and S&P 500 posted solid gains. The Fed’s decision to hold rates at …

On May 7, 2025, the US Federal Reserve held its benchmark interest rate steady at 4.25%-4.50%, a widely anticipated move that underscored its cautious approach amid economic uncertainty. With inflation stubbornly above target and new trade policies stirring volatility, Chair Jerome Powell signaled no rush to cut rates, dampening hopes …