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Commodities

Financial Markets’ Weekly Recap: Seismic Shifts – Dollar’s Decline, Euro’s Ascent, and Global Markets React

This week witnessed a dramatic reshuffling of the global financial landscape, marked by the US dollar’s sharp decline, the euro’s remarkable ascent, and a notable divergence in fortunes between the British pound and the FTSE 100. A confluence of economic data, policy shifts, and trade uncertainties fueled unprecedented volatility across …

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Jobs Data Eve: Key NFP Looms Amid Shifting Market Dynamics

NFP Anticipation: Jobs Growth Expected Amidst Economic ShiftsThe US labor market’s health is once again under scrutiny as the February Nonfarm Payrolls (NFP) report approaches. Scheduled for release on Friday, March 7, the data is expected to reveal the creation of approximately 160,000 net new jobs. Economists also anticipate a …

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Gold Price Surges Amid Trade War Fears and Weak US Data; XAU/USD Eyes Record Highs

The gold market is currently experiencing significant volatility, with XAU/USD trading near a weekly high of $2,929.08. This surge is primarily driven by a weakening US Dollar, which has been pressured by escalating trade war tensions and disappointing US economic data. President Trump’s recent tariff announcements, coupled with his downplaying …

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Gold Surges as US Economic Fears and Trade Tensions Ignite Safe-Haven Demand

Gold prices have experienced a significant surge, propelled by a confluence of factors including escalating trade tensions, mounting recessionary fears within the United States, and a weakening US Dollar. The XAU/USD pair climbed to $2,918, marking a notable increase as investors sought refuge in the precious metal. This surge is …

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Market Drivers – US Session: Investors bracing for a busy Wednesday

The US Dollar’s sharp decline continued Tuesday, hitting its lowest point since early December as economic concerns mounted ahead of crucial US labor data. Investors are bracing for a busy Wednesday, March 5th:Dollar Weakness: The US Dollar Index (DXY) breached the 106.00 support level, plummeting to a three-month low. This …

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Trump Ignites Trade Firestorm: Reciprocal Tariffs on Canada Escalate Economic Tensions

US President Donald Trump has reignited trade tensions with Canada by imposing sweeping tariffs, marking a significant escalation in his administration’s trade policies. On March 4, 2025, the United States implemented a 25% tariff on all Canadian goods entering the country, with a slightly reduced rate of 10% applied to …

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Gold Prices Hold Steady as U.S. Tariffs on Mexico, Canada Take Effect

Gold prices remained largely unchanged in Asian trading on Tuesday, with safe-haven demand providing support amid escalating trade tensions. The market reacted to the implementation of U.S. tariffs on Mexico and Canada, alongside further tariff escalations against China. As of 00:23 ET (05:23 GMT), Spot Gold was steady at $2,892.98 …

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