U.S. President Donald Trump on Monday declared the war in the Middle East is over, as he began a momentous trip to the region to finalize a peace deal for Gaza. Trump arrived in Tel Aviv earlier Monday to mark the release of Israeli hostages by Hamas after more than two years in captivity. As…
Gold held near a record high as traders waited for a US inflation print that may offer clues on the Federal Reserve’s rate-cutting path. Bullion was trading around $2,520 an ounce in Asia hours on pace for a second monthly gain ahead of the core personal consumption expenditures price index due later Friday. The report is expected…
Mar 10 2025, 15:08 The dollar weakened on Monday and traded near a four-month low against major currencies as concerns over a global trade war unsettled investors, lifting the safe-haven yen and Swiss franc. The market has been fixated on trade tensions since U.S. President Donald Trump imposed tariffs on major trading partners only to…
May 5 2025, 13:05 The USD/CHF pair struggled to capitalize on Friday’s US jobs data-led uptick from the 0.8200 level and attracted fresh sellers at the start of a new week. However, the spot prices remained confined within a familiar range for the past two weeks and are currently trading around the 0.8235-0.8230 region, down…
Gold prices held steady around $3,859–$3,860/oz, just about $35 below Wednesday’s record, after a five-day rally. The onset of the US government shutdown and weak ADP data have led market participants to increase bets that the Fed will cut interest rates again this year. The shutdown risks creating a blackout for official data—including delayed non-farm…
US Economy Confuses Gold Market Gold prices strengthened in the Asian session on Friday, supported by growing concerns about the US economic outlook, which prompted a rush to safe-haven assets. The precious metal also headed for its first weekly gain in four weeks, having comfortably returned above the psychological level of USD 4,000 per troy…
