Market Update

As world leaders gear up for a high-stakes summit in Anchorage, Alaska, Russia’s walking into the ring with a battered economy. The war-driven boom, fueled by massive military spending and steady oil exports, is running on fumes. Persistent inflation, sky-high interest rates, and relentless Western sanctions are hitting Russian consumers …

The Dow Jones Industrial Average soared to a fresh all-time high of 45,277 on Friday, breaking past 45,250 for the first time. However, the rally fizzled as weaker-than-expected consumer sentiment data and anticipation of a high-profile meeting between global leaders dampened investor enthusiasm by the close of the trading week. …

The US Dollar struggled to gain traction on Friday, keeping bullion prices firm as market participants awaited the outcome of the high-profile meeting between US President Donald Trump and Russian President Vladimir Putin. Gold (XAU/USD) traded at $3,340, up 0.17%, remaining confined within the $3,330-$3,350 range that has persisted since …

The Japanese Yen (JPY) is gaining ground against the US Dollar (USD), pushing the USD/JPY pair toward 147.00, a drop of nearly 0.5% today. This move is fueled by upbeat Japanese growth figures and a faltering US economy, sparking safe-haven demand for the Yen.Japan’s Economy OutperformsJapan’s Q2 GDP exceeded expectations, …

The Swiss Franc (CHF) strengthened against the US Dollar (USD) on Friday, with the USD/CHF pair easing toward the crucial 0.8050 mark during the American session. The Greenback faced headwinds as a fresh batch of US economic data painted a mixed picture, highlighting slowing consumer demand and reinforcing concerns over …

Gold prices hovered near a two-week low on Friday, finding limited support from a softer US Dollar, while rising Treasury yields kept gains in check. Trading in a narrow range around $3,340 per ounce during the American session, the precious metal struggled to surpass the key resistance at $3,350, reflecting …

U.S. President Donald Trump and Russian President Vladimir Putin are set to meet on Friday at a Cold War-era air base in Alaska, marking their first face-to-face encounter since Trump returned to the White House. The meeting is expected to center on efforts to reach a ceasefire in Ukraine, with …

European equities advanced on Friday, with the pan-European STOXX 600 climbing 0.2% by 07:17 GMT, buoyed by strength in miners and chemical stocks. The index is trading near its highest level in almost five months, supported by a largely upbeat corporate earnings season. Geopolitical Focus: U.S.-Russia TalksInvestors are also watching …

Gold prices in Asian trade on Friday inched higher, though they were set for a weekly decline, as investors weighed reduced expectations for a significant Federal Reserve rate cut against geopolitical developments, including U.S.-Russia talks scheduled later in the day. Spot gold rose 0.3% to $3,344.88 an ounce, while December …

Bitcoin retreated on Friday, reversing from record highs above $124,000 as stronger-than-expected U.S. producer price data cooled expectations for aggressive Federal Reserve rate cuts next month. The world’s largest cryptocurrency fell 2.2% to $119,112.5 as of 02:04 ET (06:04 GMT), after touching an all-time high of $124,436.8 in the previous …