Gold hits fresh all-time high as Trump attacks Powell, calling him “a major loser” for delaying rate cuts. DXY plunges to 97.92 as Fed independence is questioned and stagflation risks remain in focus. Traders brace for key Fed speeches this week from Jefferson, Harker, and Kashkari amid growing policy uncertainty. Gold price begins the week […]
Gold rallies $90 this week as the US Dollar weakens amid rising trade tensions and geopolitical risks. Fed’s Daly says policy is still restrictive; neutral rate may be rising, echoing Powell’s hawkish tone. Traders focus on key US data next week: Flash PMIs, Durable Goods, and final Consumer Sentiment. Gold prices are set to end
Euro edges higher amid US Dollar pressure after the White House pushes tariffs on Chinese ships, fueling global trade risks. Trump reportedly furious with Fed Chair Powell; adviser says President reviewing legality of dismissal. ECB’s Muller says lower energy prices and tariffs justify rate cut, though warns fragmentation may fuel inflation ahead. The Euro (EUR)
Gold pulls back from $3,357 all-time high as Powell warns Fed’s goals may conflict, raising stagflation concerns. Market mixed: Dow dips on UnitedHealth crash while other indices see modest gains. Trump signals trade progress with EU and China; ECB cuts rates 25 bps, widening global policy divergence. Gold retreated on Thursday ahead of the Good
Mexican Peso pares gains late in session as traders digest Trump’s shifting tariff stance and looming US tomato duties. Sheinbaum continues talks to avoid steep tariffs; US to impose 20.91% duty on Mexican tomatoes from July 14. Traders eye Mexico’s inflation and retail data, while US Retail Sales and Jobless Claims remain i The Mexican
Mexican Peso depreciates over 1% as Trump threatens more China tariffs; risk-off sentiment crushes EM currencies. Peso slumps for second straight day as VIX hits pandemic-era highs, fueling flight to safety into USD. Sheinbaum avoids retaliatory tariffs as Mexico pushes for dialogue; auto sector fears long-term disruption. The Mexican Peso (MXN) plunges against the US
Trump to announce new tariffs at 20:00 GMT; plan may include 20% duties on nearly all US trade partners. UK hopes for exemption amid balanced trade ties; GBP rallies on optimism and cautious risk-on mood. Strong ADP and Durable Goods data fail to lift USD ahead of key NFP and Powell speech later this week.
Gold hits fresh all-time high amid speculation Trump’s April 2 tariffs could target all trade partners. Goldman ups US recession odds to 35% as sentiment deteriorates and Washington signals tolerance for slowdown. DXY and yields rise but fail to dent Gold’s rally as safe-haven flows dominate ahead of key US data. Gold prints another record
Gold drops over 1% Friday as USD strengthens, hitting 10-day high at 107.66. XAU/USD falls to $2,845 as Fed rate-cut bets rise Trump confirms 25% tariffs on Mexico and Canada, fueling market uncertainty. Fed expected to cut rates by 70 bps in 2025 with first cut projected for June. Gold extended its losses on Friday,
Trump reiterates tariffs on Canada and Mexico, fueling trade concerns. UK retailers slash investment as consumer spending weakens. Markets expect BoE to hold rates at 4.50% in March, cut by Q2. The Pound Sterling (GBP) advanced early in the North American session, bouncing off a two-day low of 1.2605, as the Greenback weakened due to falling
Gold touches all-time high of $2,954 amid trade policy uncertainty. Trump expands tariffs to lumber and soft commodities, adding market jitters. US data mixed: Manufacturing PMI improves, but Services PMI contracts. Gold price slides late on Friday, poised to end the week positively, accumulating eight straight weeks of gains that pushed the yellow metal to
USD/MXN dips below 50-day SMA at 20.42, trading at 20.27. Weak US Retail Sales and softer PPI sub-components fuel Fed easing expectations. Mexico’s Retail Sales, Banxico minutes, and Q4 GDP are in focus this week. The Mexican Peso (MXN) extended its gains versus the US Dollar (USD), clearing key support at the 50-day Simple Moving
Mexican Peso weighed down by steek and aluminum tariffs enacted by The White House. Mexican automobile production and exports declined, creating a headwind for the emerging market currency. USD/MXN traders eye testimony from Fed Chair Jerome Powell on Tuesday. The Mexican Peso depreciated against the US Dollar on Monday after US President Donald Trump decided
USD/JPY stable despite volatility after Trump announces possible 25% tariffs on neighboring countries. US Dollar Index (DXY) gains 0.29%, reaching 108.30, amid positive market sentiment. Focus on upcoming Bank of Japan meeting; potential for 25 basis point rate hike expected. The USD/JPY was virtually unchanged during the North American session on Tuesday, as traders assessed
Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller’s dovish comments suggest potential for early rate cuts. Gold’s price dropped late in the North American session, but it is set to finish the
Gold rebounds 0.69% despite significant US job additions, challenging Fed’s rate cut path. Gold recovers from post-labor report drop as investors weigh Fed’s cautious disinflation stance. Upcoming US inflation and retail sales data set to influence gold’s trajectory, Fed policy. Gold price rebounded off daily lows on Friday, extending its rally for the fourth consecutive
Gold climbs to $2,664 but faces pressure from a strong US labor market and Trump’s assertive tariff plans. Trump’s unexpected remarks on reclaiming the Panama Canal and imposing tariffs on neighbors bolster the US Dollar. People’s Bank of China boosts gold reserves, signaling increased demand as global economic uncertainties persist. Gold price advanced late in
