Gold prices edged lower on Monday, retreating slightly from last week’s record highs as risk appetite improved following news that the U.S. may exclude electronic goods from its steep tariff hike on Chinese imports. However, ongoing trade war fears, a weak dollar, and dovish signals from the Federal Reserve kept …
Read More »Market weekly recap: Gold is the king
It was a very busy week in financial markets as US president Donald Trump continues escalation of his trade attacks on a large number of states, which ended in a 90-days pause of tariffs enforcement on all countries, excluding China which was targeted by the maximum duties with “immediate” enforcement. …
Read More »Trade War Tensions Rise: Global Markets Brace for Impact
The United States has ignited a fierce trade war with China, escalating tensions that could reshape the global economy. New tariffs, some exceeding 100% on Chinese goods, have sparked immediate retaliation from Beijing, which raised duties on American imports to 125%. This tit-for-tat exchange follows a bold U.S. strategy to …
Read More »Gold Soars to Record High as Trade War Escalates and Inflation Worries Grip Markets
Gold prices surged by over 2% on Friday, hitting a new all-time high of $3,245, as investors sought refuge in the precious metal amidst a rapidly escalating trade dispute between the United States and China, coupled with persistent inflation uncertainty. The flight to safety was further amplified by a significant …
Read More »Eurozone’s Watchful Eye: Central Bank Stands Ready Amid Global Economic Shift
In a climate of global economic flux, the Eurozone’s central banking authority has reaffirmed its commitment to maintaining financial stability. This declaration underscores the institution’s proactive stance in navigating the complexities of the current economic landscape. The central bank has stated that it is prepared to deploy its full suite …
Read More »Earnings Surge Fuels Robust Recovery in US Stocks
U.S. stock markets kicked off trading on Friday with a strong upward trajectory, propelled by stellar earnings reports from major financial institutions listed on the New York Stock Exchange. These positive results provided a much-needed buffer against ongoing trade tensions between Washington and Beijing, lifting investor confidence and driving gains …
Read More »Oil Prices Rise on Friday, but Brace for Second Weekly Dip Amid Demand Concerns
Oil prices are poised to decline for the second consecutive week, influenced by a combination of factors including the trade dynamics between the U.S. and China and their potential impact on global demand. This downward pressure reflects broader concerns about the balance between supply and demand in the international oil …
Read More »Dollar/Yen Slides Amid Escalating Trade Tensions
The Dollar/Yen exchange rate has experienced a decline, decoupling from U.S. Treasury yields and falling due to a weakening U.S. Dollar. This downturn is particularly pronounced given recent factors that appear to favor the Japanese Yen.The Dollar/Yen pair retreated, moving from its previous daily close to a lower level. During …
Read More »US Treasury Bonds: A Persistent Demand Amid Rising Yields
Despite concerns about investor confidence in U.S. Treasury bonds, demand for these government securities remains strong. This ongoing interest comes even as rising yields suggest that some investors may be selling off their sovereign bonds. According to data from gold.org, the trading volume of U.S. Treasury bonds has reached an …
Read More »China Hikes Tariffs on U.S. Goods to 125% in Major Escalation of Trade War
China announced on Friday that it will raise tariffs on U.S. imports to 125%, intensifying a rapidly escalating trade conflict with the United States. The new levy, up from the 84% rate announced just two days earlier, is set to take effect on Saturday, according to a statement from China’s …
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