Most major Asia Pacific equity indices started the week on a weaker note, as investors turned cautious ahead of the expiration of the White House’s 90-day pause on higher global reciprocal tariffs (excluding China), scheduled for Wednesday, 9 July. Asia Pacific equities (except Singapore) weaken as tariff uncertainty looms Japan’s Nikkei 225 slipped 0.6% to […]
Gold prices rose in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 402.86 Saudi Riyals (SAR) per gram, up compared with the SAR 401.07 it cost on Thursday. The price for Gold increased to SAR 4,698.82 per tola from SAR 4,677.96 per tola a day earlier. Unit
Gold price stalls ahead of Thursday’s Nonfarm Payrolls (NFP) report for clues on the health of the US labour market. Fiscal concerns continue to rise as Trump’s tax bill moves to the next stage. If passed, the budget deficit is expected to rise, which could boost demand for Gold. XAU/USD lingers below $3,350 as momentum
Gold price struggles to attract any meaningful buyers amid a combination of diverging forces. A modest USD bounce from a multi-year low and a positive risk tone caps the XAU/USD pair. Fed rate cut bets keep a lid on the USD and support the XAU/USD pair amid trade uncertainties. Gold price (XAU/USD) seesaws between tepid
Gold remains under pressure as risk-on sentiment continues to influence market trends. Fed Chair Powell and President Trump clash over the timing of interest rate cuts. A September rate cut is priced in but a rate cut in July could help drive Gold out of its range. XAU/USD hovers near the 50-day Simple Moving Average
Gold price attracted some dip-buyers during the Asian session, though it lacks follow-through. Fed rate cut bets keep the USD bulls on the defensive and lend support to the XAU/USD pair. Geopolitical risks also benefit the commodity ahead of the Fed meeting starting this Tuesday. Gold price (XAU/USD) reverses an Asian session dip to the
Global markets were broadly steady on Monday, despite ongoing conflicts in the Middle East. The Nikkei led Asian bourses with a 1.26% while European indexes also opened higher. Even with Israel and Iran continuing to exchange military strikes, investor sentiment remained resilient. US equity futures are also treading water, suggesting cautiousness rather than panic ahead
Bullion rallies to five-week high amid geopolitical tension and dovish Fed outlook Israel strikes Iran, fueling fears of broader war and driving flight to safety into Gold. XAU/USD hits $3,446 before easing on profit-taking; eyes next week’s Fed decision and US data slate. Gold price rallied for the third consecutive day after the Israel-Iran conflict
Dollar accelerated its broad-based selloff in early US trading, plunging to its lowest level against Euro since 2021. The latest catalyst came from softer-than-expected May PPI data, which followed Wednesday’s downside surprise in CPI. The tandem inflation prints have further calmed fears of immediate tariff-driven price pass-through, at least for now, and are reinforcing expectations
Gold prices extend their gains, heading toward the $3,350 psychological level. The United States and China continue trade talks in London, but USD appreciation is limited. USD and Gold price action are expected to be influenced by US-China talks ahead of Wednesday’s US inflation data. Gold prices are trading firm against the US Dollar (USD)
Gold edges higher as persistent trade tensions and the safe-haven appeal of precious metals boost prices. US-China trade talks are scheduled for Monday, remaining a key catalyst for Gold and US Dollar prices. Gold prices rise above $3,300 with resistance at $3,350. Gold prices remained at an elevated level on Monday, despite the start of
Asian equity markets opened the week on a positive note, supported by cautious optimism surrounding the high-stakes US-China trade negotiations in London. US Treasury Secretary Scott Bessent, along with Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, are meeting Chinese counterparts as efforts to revive dialogue intensify. The outcome of these talks could set
Global markets remain mixed, reflecting a cautious investor mood amid heightened trade uncertainty and a lack of clear directional drivers. US stocks closed modestly higher overnight, reversing losses from earlier in the session. Asian equities broadly followed the rebound, seemingly brushing off disappointing Chinese manufacturing data. The overall tone, however, remains indecisive, with no strong
XAU/USD drops as strong US Dollar pressures Bullion; tariff uncertainty rattles markets. US core PCE dips in April, but strong data lifts yields, dampening Gold’s appeal. Trump accuses China of violating trade deal, reviving geopolitical and tariff concerns. Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in
Dollar initially surged after the US Court of International Trade ruled against President Donald Trump’s sweeping reciprocal tariff orders. Market participants initially interpreted the ruling as a potential turning point in the US trade policy, fueling a rally in the greenback and risk assets. However, the greenback’s rally proved short-lived. As the US session opened,
Dollar’s rebound gather extra momentum today, after the US Court of International Trade struck down President Donald Trump’s sweeping reciprocal tariffs, giving markets a fresh catalyst. The court ruled that the reciprocal tariffs imposed in April across multiple countries under claims of correcting trade imbalances exceeded presidential authority under the International Emergency Economic Powers Act.
Gold drops 0.27% after Fed cites tariff-driven inflation concerns; yields rebound, stalling bullion’s rally. Fed minutes highlight risks of persistent inflation and weakening job growth, prompting cautious rate stance. US bond yields rebound, lifting the Dollar and pressuring Gold below $3,300. Goldman Sachs urges increased Gold exposure amid rising geopolitical risks and central bank demand.
