Market Update

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 …

China’s industrial production and retail sales for July fell short of market expectations, highlighting ongoing weaknesses in both domestic consumption and export demand, according to official data released Friday. Industrial Production SlowsIndustrial output grew 5.7% year-on-year in July, missing expectations of 6% and down from 6.8% in June. The slowdown …