Gold price attracts fresh sellers amid renewed USD buying and reduced Fed rate cut bets. A generally positive risk tone is seen as another factor undermining the precious metal. Persistent trade-related uncertainties could limit losses for the safe-haven commodity. Gold price (XAU/USD) extends the overnight retracement slide from a multi-week top and continues to lose […]
The United Kingdom’s annual CPI rose 3.6% in June vs. 3.4% forecast. British inflation advanced to 0.3% MoM in June vs. a 0.2% anticipated. GBP/USD keeps range near 1.3400 after UK CPI inflation data. The United Kingdom (UK) headline Consumer Price Index (CPI) advanced by 3.6% on the year in June after reporting a 3.4% growth in
EUR/USD posts first weekly loss in three weeks, ending at 1.1688. Trump eyes blanket tariffs, including on EU and copper exports. Dollar marks strongest week since March amid broad risk-off tone. EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for
The Australian Dollar receives support from the cautious tone surrounding RBA’s policy outlook. RBA’s Bullock stated that elevated unit labor costs and weak productivity could drive inflation above current forecasts. President Trump issued a fresh round of tariff demand letters, reigniting concerns over a global trade war. The Australian Dollar (AUD) continues its winning streak
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
The Australian Dollar offers its daily gains due to risk aversion as Iran declines to resume nuclear negotiations. President Trump may announce his preferred candidate to lead the Federal Reserve next year. The US Dollar depreciated due to risk-on sentiment following a fragile US-brokered Israel-Iran ceasefire. The Australian Dollar (AUD) retraces daily gains on Friday,
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
The Australian Dollar extends gains due to the Israel-Iran ceasefire. Australia’s Monthly Consumer Price Index increased by 2.1% YoY in May, against the expected 2.3% rise and the 2.4% prior. Fed Chair Powell advocated for delaying rate cuts, likely until sometime in the fourth quarter. The Australian Dollar (AUD) extends its gains for the third
Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 1.7% on a yearly basis in May, Statistics Canada reported on Tuesday. This reading aligned with market expectations. On a monthly basis, the CPI rose 0.6% following the 0.1% decline reported in April. This print surpassed the market
The Australian Dollar remains subdued after mixed employment figures were released on Thursday. Australia’s Employment Change surprisingly declined by 2.5K in May, while Unemployment Rate steadied at 4.1% as expected. The Federal Reserve kept its interest rates on hold at 4.5% in June, as expected. The Australian Dollar (AUD) depreciated against the US Dollar (USD)
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
The Japanese Yen weakens below the 145.00 mark against a mildly positive USD on Tuesday. Rising geopolitical tensions limit losses for the safe-haven JPY ahead of the BoJ policy decision. The BoJ is expected to leave interest rates unchanged and reduce its bond purchases next year. The Japanese Yen (JPY) remains on the back foot
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
The Australian Dollar declines due to dampened risk sentiment amid rising tensions in the Middle East. Israeli military officials said that Israel attacked dozens of nuclear sites across Iran. The US Producer Price Index rose 0.1% MoM in May, against the expectation of a 0.2% rise. The Australian Dollar (AUD) declines against the US Dollar
EUR/USD advances as lower US inflation sparks calls for aggressive Fed rate cuts. Trump urges full percentage point cut in Fed funds rate post-CPI. ECB policymakers cautious, but inflation outlook hints at further fine-tuning. The EUR/USD surged during the North American session but remains shy of clearing the 1.1500 figure, following the release of a
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)
The Japanese Yen attracts sellers for the second straight day in reaction to disappointing domestic data. The optimism over the resumption of US-China trade talks further undermines demand for the safe-haven JPY. The divergent BoJ-Fed expectations should limit JPY losses and cap USD/JPY ahead of the US NFP report. The Japanese Yen (JPY) sticks to
