GBP/USD rebounded from support at 1.3140 (its lowest since May) and strengthened in Thursday’s Asian session, briefly returning above 1.3200. The rise was supported by a moderate weakening of the US dollar after the DXY retreated from a two-week high. Market concerns that a prolonged US government shutdown could hurt the economy also weakened the…
May 21 2025, 11:43 Gold rose to around $3,300 on Wednesday, nearing a two-week high and building on a more than 2% gain from the last session, supported by geopolitical risks and persistent weakness in the US dollar. Reports that Israel is planning a strike on Iranian nuclear sites have raised concerns that the Middle…
Gold prices firmed on Monday, nearing its recent record high, amid solid bets of a September interest-rate cut following dovish signals from Federal Reserve Chair Jerome Powell and safe-haven demand due to geopolitical risks in the Middle East. Spot gold rose 0.3% to $2,518.47 per ounce at 01:45 p.m. ET (1742 GMT), just shy of…
Gold held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and…
Oil prices rose in Asian trade on Monday, rising nearly 1% in early trade, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption. Brent crude futures climbed 32 cents, or 0.4%, to $76.87 a barrel by 0413 GMT, while U.S….
Silver prices (XAG/USD) weakened slightly and held near 14-year peaks in early Asian trading on Monday, hovering around $42 per troy ounce as markets await the Fed’s decision this week. Economists’ consensus points to a 25-bps rate cut as the first baseline scenario in nine months, maintaining interest in the yield-free precious metal. Real-time data…
