Gold prices remained largely unchanged in Asian trading on Wednesday as investors braced for the Federal Reserve’s policy decision amid growing uncertainty surrounding U.S. trade policies under President Donald Trump. Spot gold was muted at $2,762.64 per ounce, while gold futures for February delivery edged up 0.1% to $2,796.06 an …
Read More »Gold Prices Surge Amid Trade War Fears and Safe-Haven Demand
Gold prices have rebounded sharply, driven by escalating trade tensions and market volatility. The precious metal, often seen as a safe-haven asset, has surged past $ 2,790. This rally comes amid heightened uncertainty surrounding U.S. trade policies and cautious market sentiment ahead of the Federal Reserve’s monetary policy decision.Trade War …
Read More »Trump Pressures OPEC and Putin to Lower Oil Prices, Aims to End Ukraine War
Oil prices experienced a slight increase on Friday but concluded the week with a decline, marking the end of four consecutive weeks of gains. This shift follows President Trump’s announcement of major initiatives to boost domestic production and his renewed demand for OPEC to reduce crude prices.Price Movements Brent crude …
Read More »US Dollar Declines as US PMI Reveals Stalled Outperformance
The US Dollar has fallen back to session lows and is on track for a more than 2% loss this week in the Dollar Index. President Trump delivered softer comments, suggesting that tariffs on China might not be imposed after all. As a result, the US Dollar Index (DXY) has …
Read More »USD/JPY steadies as tariff threats ease ahead of looming BoJ’s meeting
The US dollar has fallen sharply against major currencies following reports that the incoming Trump Administration might implement fewer significant tariffs than previously expected. Instead, it might seek more limited and targeted tariffs. During the election campaign, across-the-board tariffs of 10% to 20% were proposed on all imports. However, some …
Read More »Has Trump’s Rhetoric Contributed to Oil Prices’ Recent Decline?
Even with the imminent threat of new tariffs that has taken center stage for Canada, China and even the US allies in the Eurozone, the stock market has not yet seen significant volatility. There is likely still some hope that extreme measures like a 25% tariff on imports from Mexico …
Read More »Trump’s Endeavors, to Reduce Inflation and Control Energy Expenses, Take Off
Donald Trump has signed a memorandum on inflation and multiple orders aimed at lowering energy prices, but his advisers have offered few details on the policies. During a press call, incoming White House advisers pledged that Trump would pursue an “all of government approach” to bringing down costs for American …
Read More »Trump to Unveil “America First” Trade Policy
In his inaugural public appearance as the newly-declared President of the United States, Donald Trump reaffirmed several of his bold campaign promises. Among these, he emphasized his intention to seize control of the Panama Canal and establish an “external revenue service” to collect profits from tariffs his administration plans to …
Read More »DXY Recovers Despite Weekly Decline
The dollar steadied on Friday, but was on track to end the week lower after a six-week winning streak, while investors turned their focus to Donald Trump’s presidential inauguration and awaited the incoming administration’s policies. Earlier during the North American session, the US Dollar was easing in the last trading …
Read More »How Fed’s First Decision Could Look Like After Trump’s Inauguration
The US Federal Reserve is expected to hold interest rates steady on January 29 and resume cutting in March, according to a slim majority of economists polled by Reuters. The survey, taken before President-elect Donald Trump’s inauguration, suggests lingering inflation pressures may allow the Fed to cut rates once more. …
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