The U.S. dollar edged up slightly on Wednesday, while other major currencies remained within tight ranges, as traders awaited details of President Donald Trump’s tariff plans. These measures, set to be unveiled in a White House Rose Garden announcement at 20:00 GMT, could disrupt global trade flows and heighten financial …
Read More »Gold Eases from Record High as Markets Await Trump’s Tariff Details
Gold prices edged lower in Asian trading on Wednesday, retreating slightly after hitting an all-time high in the previous session, as traders remained cautious ahead of U.S. President Donald Trump’s April 2 tariff announcements. Gold Market Performance Spot gold (XAU/USD) fell 0.3% to $3,116.24 per ounce by 00:57 ET (04:57 …
Read More »Dollar Trades Sideways Near 104.20 Amid Mixed Economic Signals
The US Dollar Index (DXY), which tracks the value of the US dollar against a basket of major currencies, hovered around the 104.20 mark on Tuesday, April 1, 2025, reflecting a lack of clear direction following a batch of underwhelming US economic data. Investors digested a weaker-than-anticipated ISM Manufacturing PMI, …
Read More »Gold Prices Retreat After Soaring Past $3,130 as Manufacturing Stumbles
Gold prices are down -0.52%, trading around $ 3,107 per ounce, at the time of writing. Earlier during the North American session, the precious metal was stealing the spotlight once again, with spot prices climbing above $3,130 per ounce in a remarkable rally. The surge came on the heels of …
Read More »Trump’s Tariff Tease Sparks Market Optimism: A Risk-On Revival?
Financial markets are buzzing with a renewed sense of optimism today, as positive risk sentiment holds strong through the trading session. The catalyst? Overnight remarks from none other than Trump himself, whose comments on tariffs have injected a dose of hope into an otherwise jittery market landscape. With risk assets …
Read More »Dollar Holds Steady as Markets Await Trump’s Reciprocal Tariffs
The U.S. dollar remained stable on Tuesday as investors prepared for new reciprocal tariffs set to be announced by President Donald Trump on Wednesday. Market Focus on U.S. Economic Data Investors are closely watching the U.S. Job Openings and Labor Turnover Survey (JOLTS) and the ISM Manufacturing Index, both due …
Read More »U.S. Stock Futures Steady as Investors Weigh Recession Risks Ahead of Tariff Announcements
Wall Street index futures traded in tight ranges on Tuesday, stabilizing after a turbulent first quarter, as investors assessed the potential impact of upcoming trade tariffs from U.S. President Donald Trump. Stock Futures Movement Dow Jones Futures fell 60 points (-0.1%). S&P 500 Futures traded flat. Nasdaq 100 Futures gained …
Read More »Gold Hits New Record High Amid Market Uncertainty Over U.S. Tariffs
Gold prices surged to an all-time high in Asian trading on Tuesday, driven by rising safe-haven demand as investors braced for upcoming tariff announcements from U.S. President Donald Trump. Gold’s Record-Breaking Rally Spot Gold rose 0.7% to $3,148.10 per ounce, marking its highest level ever. Gold Futures (June) gained 0.3% …
Read More »RBA Holds Rates at 4.1%, Flags Inflation Progress but Stays Cautious
The Reserve Bank of Australia (RBA) kept interest rates steady at 4.1% on Tuesday, as widely anticipated, while acknowledging progress in lowering inflation but maintaining a cautious stance amid economic uncertainties. Key Takeaways from the RBA Decision: Cash Rate Held at 4.1%: This follows a 25-basis-point cut in February. Inflation …
Read More »Gold Soars to Record Heights: Safe-Haven Surge Amid Trump Tariff Tensions
Gold prices shattered records on Friday, surging to an all-time high of $3,086 as investors flocked to the safe-haven metal amid escalating global trade uncertainty and shifting U.S. monetary policy expectations. The XAU/USD pair traded at $3,079, marking a robust 0.79% gain, fueled by a weakening U.S. dollar and sliding …
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