China’s central bank, one of the major Gold purchasers worldwide, continued to add the precious metal to its vaults in April, in a sign that demand from sovereigns remains high.The People’s Bank of China (PBoC) bought 8 tonnes of Gold in April, the … [Continue reading]
United States Goods Trade Balance dipped from previous $-82.4B to $-83.7B in April
The Australian Dollar posts moderate gains against the US Dollar on Tuesday, regaining some of the ground lost last week, although it remains at its lowest level in nearly two months. News that Israel and Iran halted hostilities has triggered a mild … [Continue reading]
Dow Jones futures ease as market mood remains cautious
Dow Jones futures inch lower 0.02%, trading above 50,850 during the European hours on Tuesday, ahead of the US regular opening. However, S&P 500 futures gain 0.21% to near 7,430 and Nasdaq 100 futures rise 0.51%, trading near 29,600 at the time … [Continue reading]
Gold Price Forecast: XAU/USD rebounds but not out of the woods yet
Gold is trying hard to build on the previous rebound from three-month lows of $4,269, holding above the $4,300 level in Asia on Tuesday.Gold awaits US CPI inflation data for a fresh directionGold is seeing a dead cat bounce as the US Dollar … [Continue reading]
South Korea Gross Domestic Product Growth (QoQ) registered at 1.8% above expectations (1.7%) in 1Q
The Australian Dollar spent Monday trying to talk itself into a recovery, and the tape was not buying it. AUD/USD has ridden a China-and-commodities narrative for months, one that conveniently glossed over how shaky both legs of that trade … [Continue reading]
Why Silver could be heading to $50 despite booming AI demand
Silver shed roughly 10% in the first week of June and it is almost 50% down from its January record peak. But why? All logic points to Silver trading closer to $200 per ounce than $61, its 2026 yearly low.As with almost all financial assets, Silver … [Continue reading]
Euro: ECB hike seen limiting upside versus US Dollar – OCBC
OCBC’s Sim Moh Siong expects the European Central Bank (ECB) to deliver a one-off 25 bp ‘insurance’ hike to 2.25%, with updated projections showing higher inflation and weaker growth. With this move largely priced in, Siong warns EUR/USD may struggle … [Continue reading]
Euro: ECB hike but growth worries – BNY
BNY’s Bob Savage notes that an European Central Bank (ECB) rate hike is widely expected, but guidance on future moves and growth risks will be crucial for EUR/USD. The bank argues the Governing Council is unlikely to commit to a prolonged tightening … [Continue reading]
Iran’s ambassador to Moscow: the Strait of Hormuz will be open but with transit fees
Iran's ambassador to Moscow, Kazem Jalali, said that the Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Reuters reported on Monday."Of course, this strait will be open, but with new … [Continue reading]
Gold rebounds to near $4,350 despite Middle East tensions
Gold price (XAU/USD) recovers some lost ground to around $4,345 during the early Asian session on Monday. However, the potential upside for the precious metal might be limited amid ongoing tensions in the Middle East and expectations that the Federal … [Continue reading]