Forex Market

Gold prices declined in Asian trading on Tuesday, extending recent losses after U.S. President Donald Trump’s decision to postpone steep tariffs on the European Union helped buoy global risk sentiment. Spot gold fell 0.5% to $3,326.53 an ounce, while gold futures for August dropped 1.2% to $3,353.09/oz by 01:30 ET …

Down -0.47%, trading at 3,342.47 per ounce, at the time of writing, gold prices experienced a modest pullback this week, a movement largely attributed to a temporary de-escalation of trade tensions and thin market activity. However, this dip appears to be a fleeting moment in a broader bullish narrative for …

Christine Lagarde, President of the European Central Bank (ECB), stated on Monday that “US policies are strengthening the euro’s international role.” However, she did not directly discuss the central bank’s interest rate decisions.Lagarde also noted that “global fragmentation and the shift away from multilateralism pose risks to the European economy, …

The U.S. dollar is staging a notable recovery in early week trading, buoyed by a sudden de-escalation of trade tensions between the United States and the European Union. A last-minute extension of a threatened 50% tariff on European goods by U.S. President Donald Trump has offered markets a much-needed sigh …

Oil prices rose on Monday after U.S. President Donald Trump extended a deadline for trade talks with the European Union, easing fears of imminent tariffs that could have dampened global fuel demand. As of 09:19 GMT, Brent crude futures were up 39 cents, or 0.6%, at $65.17 per barrel, while …

The U.S. dollar edged lower against its major counterparts on Monday as markets reacted positively to President Donald Trump’s decision to postpone a planned 50% tariff on European Union imports. The move boosted risk sentiment, sending U.S. equity futures higher and helping the euro gain ground. The U.S. Dollar Index …

Oil prices inched higher in Asian trading on Monday after U.S. President Donald Trump extended the deadline for his proposed 50% tariffs on the European Union, offering some relief to global markets amid ongoing trade tensions. However, concerns about oversupply—driven by the prospect of OPEC+ raising production—kept gains in check. …

Gold prices slipped modestly in Asian trading on Monday, pulling back from last week’s gains after U.S. President Donald Trump over the weekend backed off from his threat to immediately impose 50% tariffs on the European Union. Spot gold dipped 0.2% to $3,349.45 an ounce, while gold futures for June …

U.S. Dollar: Under Pressure from Debt and TradeThe U.S. dollar continued its decline for the third consecutive trading day, with the U.S. Dollar Index (DXY) dropping to 99.58 points on Wednesday, May 21, 2025, compared to the previous day’s close of 100.12 points, recording a high of 99.99 points and …

Gold Climbs Amid Trade TensionsGold prices soared nearly 2% on Friday, May 23, 2025, reaching $3,359 after rebounding from a daily low of $3,287, driven by heightened safe-haven demand. The rally, which marked a 5% weekly gain, was spurred by a weakening U.S. dollar following President Donald Trump’s threat to …