Gold prices dipped in Asian trading on Monday, shedding last week’s sharp gains as the U.S. dollar strengthened following President Donald Trump’s temporary imposition of tariffs on Colombian imports. Investors remained cautious ahead of the Federal Reserve’s interest rate decision this week, further pressuring the yellow metal. Gold Market Performance …
Read More »Weekly Market Recap: Central banks could steer price action this week
Last week was marked by significant events that influenced global financial markets. The inauguration of President Donald Trump, who wasted no time addressing the world on various market-related issues, was among the highlights. Company earnings reports and the long-anticipated interest rate hike by the Bank of Japan also played a …
Read More »Trump Pressures OPEC and Putin to Lower Oil Prices, Aims to End Ukraine War
Oil prices experienced a slight increase on Friday but concluded the week with a decline, marking the end of four consecutive weeks of gains. This shift follows President Trump’s announcement of major initiatives to boost domestic production and his renewed demand for OPEC to reduce crude prices.Price Movements Brent crude …
Read More »Will Gold Shine Brighter After the Fed Meeting?
The Gold Index, XAU/USD, peaked above $2,785 per ounce, and at the time of writing, the precious metal is trading at $2,772.31 per ounce. The recent unexpected rise in the US Consumer Price Index (CPI) has reignited concerns about inflation, prompting investors to seek safe-haven assets like gold. Furthermore, escalating …
Read More »Oil Prices Edge Higher, Set for Weekly Decline Amid Trump’s Energy Policies and Market Caution
Oil prices saw a modest rise on Friday but remained poised for weekly losses as markets reacted to U.S. President Donald Trump’s aggressive energy policies and ongoing global economic concerns. Market Performance Brent Crude Futures: Up 0.4% to $78.61 per barrel, down nearly 3% for the week. West Texas Intermediate …
Read More »Gold Prices Near Record Highs on Weaker Dollar and Rate Cut Calls
Gold prices climbed in Asian trading on Friday, approaching record highs as a weakening U.S. dollar and President Donald Trump’s call for immediate interest rate cuts bolstered safe-haven demand. Market Performance Spot Gold: Up 0.7% to $2,773.91 per ounce, near its record high of $2,790.41. Gold Futures (Feb): Gained 0.6%, …
Read More »Oil Prices Hold Steady Amid Uncertainty Over Trump’s Tariffs and Energy Policies
Oil prices showed little movement on Thursday, holding onto most of the losses from the previous session as uncertainty over U.S. President Donald Trump’s proposed tariffs and energy policies cast a shadow over global economic growth and energy demand. By 1315 GMT, Brent crude futures edged up 18 cents to …
Read More »Gold Holds Near Three-Month Highs as Dollar Weakens; Copper Declines on Tariff Concerns
Gold prices remained steady on Thursday, hovering near three-month highs, as the U.S. dollar softened following President Donald Trump’s cautious approach to implementing tariffs early in his second term. Gold Market Highlights Spot Gold: Unchanged at $2,755.14, near its highest level since late October. Gold Futures (Feb): Down 0.3% to …
Read More »Market Drivers; US Session: Trump, US Data Drive Markets
The US Dollar staged a partial recovery on Thursday, regaining some ground after a week of losses. Market participants continued to closely monitor headlines and assess the potential impact of recent policy shifts.US Dollar Index (DXY)The DXY attempted to regain strength, but a decisive move above the 108.00 level remained …
Read More »Gold Prices Surge Following Trump’s Tariff Comments
Gold Gains Momentum Amidst Trade Tensions Overnight remarks from President Trump regarding incoming tariffs have been sufficient to drive gold prices higher. As the focus of tariffs shifts towards China and Europe, gold has shown strength for the third consecutive day. Trading at a new two-month high, gold is setting …
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