Traders are chasing safe havens such as Gold to fresh all-time highs ahead of reciprocal tariffs. Markets see US PCE and University of Michigan numbers release adding to equity sell off. The US Dollar Index breaks below … [Continue reading]
Gold enjoys another wave of investor heading into the precious metal, hitting $3,086 as fresh all-time high
Gold price surges over 0.5% and ekes out a fresh all-time high at $3,086. Markets flee into safe-haven Gold as losses in Equities and Cryptocurrencies mount. Gold traders are now targeting $3,100 in the near term. Gold price (XAU/USD) is … [Continue reading]
Gold price continues to scale new records as trade uncertainty boosts safe-haven appeal
Gold price continues to attract safe-haven flows amid rising trade tensions. Fed rate cut bets offset a modest USD strength and support the XAU/USD pair. Traders now look to the US PCE Price Index for some meaningful impetus. Gold price … [Continue reading]
NZD/USD attracts some sellers below 0.5750 on trade war concerns
NZD/USD weakens to around 0.5720 in Friday’s early Asian session, down 0.32% on the day. Persistent trade war concerns weigh on the New Zealand Dollar. Investors await the US February PCE inflation data on Friday for fresh … [Continue reading]
Silver Price Forecast: XAG/USD explodes above $34 on US tariff turmoil
Silver clears $34.23 resistance, eyes last year’s high at $34.86 and potentially $35.00 for first time since 2012. US auto tariffs trigger global uncertainty, fueling strong demand for safe-haven metals like Silver. Key support now at $34.00; … [Continue reading]
United States 7-Year Note Auction climbed from previous 4.194% to 4.233%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
EUR/USD recovers further while investors ignore potential US-Eurozone tariff war
EUR/USD rebounds to near 1.0780 as the US Dollar corrects despite US President Trump threatening to impose large-scale tariffs on the Eurozone and Canada. Trump has imposed a 25% levy on imports of all automobiles and auto components. Investors await … [Continue reading]
Pound Sterling bounces back against US Dollar despite Trump’s tariffs on automobiles
The Pound Sterling gains to near 1.2925 against the US Dollar, while investors ignore fresh tariffs by US President Trump on auto imports. Fed Kashkari supports leaving interest rates at their current levels for an extended period. UK Reeves cuts … [Continue reading]
GameStop’s plan to issue $1.3 billion convertible notes to buy Bitcoin could boost crypto market and meme coins
GameStop announced that it will offer $1.3 billion worth of senior convertible notes in a private offering. The company stated it would use the proceeds from the convertible notes to purchase Bitcoin and for other corporate purposes. GameStop has … [Continue reading]
USD/CAD gains ground above 1.4300 as Trump announces new auto tariffs from overseas
USD/CAD recovers to near 1.4305 in Wednesday’s late American session. Trump announced 25% tariffs on car imports to the US. BoC Minutes showed the central bank would probably have left rates unchanged if not for tariff risks. The USD/CAD pair … [Continue reading]