Gold prices rallied on Friday, climbing above $3,370 after Federal Reserve Chair Jerome Powell struck a more dovish tone at Jackson Hole. Powell warned that risks to the labor market are mounting, even as inflation pressures remain tilted to the upside—an acknowledgment of the Fed’s increasingly delicate balancing act.The yellow …
Read More »Gold’s Resilience Ahead of Jackson Hole: A Pivotal Moment for Monetary Policy
Gold prices have held firm amid mounting anticipation for the Federal Reserve’s Jackson Hole symposium, where Chair Jerome Powell is set to deliver a key speech on economic outlook and policy direction. As of Thursday, spot gold dipped slightly by 0.1% to $3,342.25 per ounce, while U.S. gold futures for …
Read More »Gold Bounces Back from Three-Week Dip as Dollar Softens and FOMC Minutes Loom
Gold prices are mounting a strong recovery, climbing back above $3,345 during Wednesday’s U.S. trading session after hitting a three-week low of $3,311 earlier in Asian markets. This rebound is fueled by a retreating U.S. Dollar and declining Treasury yields, even as investors adopt a wait-and-see approach ahead of the …
Read More »Market Drivers – US Session: USD Gains Ground Ahead of FOMC Minutes
The US Dollar (USD) gained ground on Tuesday as market participants adopted a cautious stance ahead of several key events, including Wednesday’s release of the Federal Open Market Committee (FOMC) Minutes and the highly anticipated Jackson Hole Symposium later in the week. Heightened geopolitical tensions also contributed to the safe-haven …
Read More »WTI Shows Bearish Trend at European Market Open
The price of West Texas Intermediate (WTI) crude oil is declining on Tuesday during the early European trading hours. Currently, WTI is priced at $62.21 per barrel, a drop from its Monday closing value of $62.56.Similarly, Brent crude oil is losing value, with its current trading price at $65.74, compared …
Read More »Trump’s Ukraine Diplomacy: Short-Term Oil Surge Masks Long-Term Risks
Oil prices climbed 1% on Monday, reflecting investor optimism around U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy. Brent crude rose 75 cents to $66.60 a barrel, while West Texas Intermediate increased 62 cents to $63.42. This uptick reverses last week’s drops of 1.1% for Brent and 1.7% …
Read More »Market Drivers – US Session: Focus Shifts to Canada’s Inflation
Recent movements in the forex world highlight a period of heightened caution and strategic positioning by market participants. As we head into a pivotal week, the spotlight is on key economic indicators and central bank commentary that will likely shape the near-term direction of major currencies.The U.S. Dollar’s Resilient RallyThe …
Read More »Trump’s Delegation Confirms Putin Is Ready for Concessions
A new wave of diplomacy is sweeping through Washington as European leaders, accompanied by Ukrainian President Volodymyr Zelenskyy, arrive for peace talks aimed at ending the war in Ukraine. This follows recent statements by President Donald Trump, who has offered a glimpse into the proposals he plans to discuss with …
Read More »Gold Holds Steady in Tense Trade Amid Economic Crosswinds Before Trump-Zelenskyy Summit
Gold prices maintained a narrow trading band on Monday, August 18, 2025, edging slightly lower by 0.03% to $3,334.620 amid sustained safe-haven interest driven by geopolitical tensions. The precious metal’s intraday volatility saw it rebound from a daily low of $3,323.685 to a high of $3,358.490, reflecting a net daily …
Read More »Weekly market wrap: Powell’s statements in Jackson Hole into focus
Throughout the last trading week, US dollar was a net loser amid improvement in risk appetite, increasing expectations of a rate cut by the Fed in September meeting, relative stability in prices, and fears of intervention in Fed’s policies. Although Trump-Putin summit in Alaska didn’t reach a peace deal in …
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