Gold rises amid soft US Dollar as traders eye next week Fed meeting
Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some 0.80% as market participants seem secure the Federal Reserve will lower interest rates at the…
Read More »The US Economy Grew by 2.8% in Q2 Compared to 1.4% in Q1, US Dollar Little Changed
US real gross domestic product (GDP) increased at a rate of 2.8% in the second quarter of 2024, beating market forecasts, according to the advance estimate.
Read More »PBOC is expected to set the USD/CNY reference rate at 7. 2229 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »Explosion reported in Tel Aviv – cause is unclear – looks to be near US consulate
The US dollar has popped. But gold has dropped. Correlation is not necessarily causation. There is no other fresh news about. The reports are not on mainstream media, only social…
Read More »US Dollar Slumps After Inflation Eases Further – Stocks, Gold, and Silver Rally
The US dollar fell sharply after the latest US CPI data showed inflation easing by more than forecast. US stocks and gold are rallying into the US open.
Read More »Japanese Yen Analysis – USD/JPY Trims Losses; Official Intervention or Jawboning?
The Japanese Yen rallied sharply against the US dollar Thursday after weaker-than-expected US inflation data sent the greenback tumbling. Did the BoJ boost the Yen rally?
Read More »US Dollar prolongs losses despite strong PPI data
The US Dollar Index (DXY) remains weak on Friday, sitting at April lows.
Read More »Gold price sticks to intraday losses amid modest USD uptick, holds above $2,400 mark
Gold price (XAU/USD) rallied to the $2,424-2,425 area on Thursday, or its highest level since May 22 in reaction to another tame US inflation report, which boosted expectations that the…
Read More »