Gold Holds Defensive Position on Prospects of a Smaller Fed Rate Cut
Gold rate remains at the protective amid decreased bets for a 50 bps Fed price cut in November. The USD consolidates closing week’s robust gains and additionally contributes to capping…
USD/CHF Nears 0.8500 Mark; Safe-Haven Flows Bolster Swiss Franc
USD/CHF halts its prevailing streak as safe-haven Swiss Franc gets help from growing middle-East tensions. The CHF faced challenges as softer inflation statistics bolstered expectations of SNB’s 50 foundation factor…
Gold Holds Near Daily Low at $2,650, Downside Capped by Middle East Unrest
Gold charge trades with a bad bias for the second immediately day amid a more potent USD. Reduced bets for a 50 bps Fed fee cut in November lifted the…
US Dollar Gains Strength as Japanese Yen Slips Ahead of ADP Employment Report
The japanese Yen loses floor because the BoJ’s summary of evaluations indicators its goal to preserve an accommodative economic stance. Japan’s economic system Minister Akazawa said that PM Ishiba anticipates…
Gold Prices Remain Under Pressure Despite China Stimulus Optimism
Gold prices attracted some sellers for the second day in a row, but the decline appears limited. The positive sentiment regarding China’s support has caused some safe-haven currencies to rise…
USD/CAD Holds Near 1.3470 Amid Weaker Oil Prices
USD/CAD attracted new sellers on Wednesday as the payback trended lower. Dovish Fed expectations and positive sentiment are putting heavy pressure on the dollar. Lower oil prices will weaken the…
Australian Dollar Fluctuates Around 20-Month High Levels
AUD/USD trades near 20-month high at 0.6908 Australia’s monthly consumer price index rose 2.7% year-on-year in August, below expectations for a 2.8% increase and the previous 3.5% increase. Central bank…
Australian Dollar Climbs to Nine-Month High as RBA Keeps OCR Unchanged
The Australian dollar hit a nine-month high of 0.6859 following the Reserve Bank of Australia’s policy decision. The Reserve Bank of Australia decided to keep interest rates at 4.35% in…
Geopolitical Risks Propel Gold to Historic Highs
Gold prices traded in the positive territory in the Asian session on Monday. US Federal Reserve rate cuts and geopolitical risks in the Middle East continue to support precious metals.…
Gold Stays Firm Near Record High, Defying Upbeat Market Trends
Gold prices (XAU/USD) have gained positive momentum for the second consecutive day on Friday, moving steadily closer to the $2,600 level, near their all-time high, during the early European session.…
