Gold retreats after a record peak at $3,508 as the US Dollar and Treasury yields rebound.Safe-haven demand underpins downside as investors hedge against trade policy uncertainty, Fed independence concerns, and geopolitical tensions.Technical outlook … [Continue reading]
Gold surrenders intraday gains to record high as sharp USD bounce prompts profit-taking
Gold retreats from the all-time peak after struggling to find acceptance above the $3,500 psychological mark.A solid USD recovery turns out to be a key factor that prompts profit-taking around the safe-haven commodity.Traders now look forward to the … [Continue reading]
Silver Price Forecast: XAG/USD reaches 14-year highs above $40.50 amid safe-haven demand
Silver price marked $40.85, the highest since September 2011, on Tuesday.US July Personal Consumption Expenditures Price Index pointed to sustained inflationary pressures, adding to uncertainty around potential Fed rate cuts.Silver receives support … [Continue reading]
GBP/USD rises as risk appetite floats higher heading into tense week
GBP/USD climbed 0.3% on Monday, bolstered by a general uptick in market sentiment.Markets are tilted into the risk-on side ahead of a packed data docket.This week will culminate in key US NFP jobs data.GBP/USD found room on the high end on Monday, … [Continue reading]
Silver Price Forecast: XAG/USD consolidates above $40.50 after breakout to 14-year highs
Silver extends rally to fresh 14-year highs, breaking above the key $40.00 level last seen in September 2011.Fed rate cut bets, weak US Dollar, and safe-haven demand continue to fuel bullish momentumTechnical breakout confirmed above the July peak of … [Continue reading]
Gold extends rally as weaker USD and Fed rate-cut bets boost demand
Gold's rally continues, with the metal advancing for a fifth consecutive session, pressing toward the all-time high zone.A broadly weaker US Dollar, with the US Dollar Index (DXY) hovering near a one-month low, and September Fed cut expectations are … [Continue reading]
CAD: Growth figures provide a look in the rear-view mirror – Commerzbank
In Canada, the effects of Donald Trump's trade war were clearly evident in the second quarter, with the economy contracting by 1.6% quarter-on-quarter (annualised). This was well below the expectations of analysts surveyed by Bloomberg, despite the … [Continue reading]
Cardano founder intensifies rivalry with Ethereum amid ADA’s bearish streak
Charles Hoskinson promotes Cardano over Ethereum in a surprise AMA session on Sunday. Cardano’s ADA token extends the downtrend for the fourth consecutive day, risking a drop below $0.80. The on-chain data reflects Ethereum’s superiority … [Continue reading]
USD/JPY edges higher above 147.00 despite Fed rate cut hopes
USD/JPY gains traction to near 147.20 in Monday’s early Asian session.Japan’s Tokyo CPI inflation eases in August. US PCE stayed higher than the Fed's target in July, but it didn't dash traders' hopes for a rate cut.The USD/JPY pair gains ground … [Continue reading]
China NBS Manufacturing PMI below forecasts (49.5) in August: Actual (49.4)
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]