Articles by: Miroslav Marinoff

Spot Gold hits fresh all-time high on Fed rate outlook

Spot Gold scaled a fresh all-time high of $3,722.41/oz. on Monday on expectations the Federal Reserve will continue easing its monetary policy even as the US economy remains resilient. The Fed lowered its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting and indicated another 50 basis points of […] Read more

CAD/NOK settles above 40-month low, posts weekly gain

The CAD/NOK currency pair settled above recent low of 7.0916, its weakest level since May 23rd 2022, in the wake of the Bank of Canada’s and Norges Bank’s policy decisions. The Bank of Canada cut its benchmark interest rate by 25 basis points to 2.50% at its September 17th policy meeting, in line with market […] Read more

GBP/NOK settles above 18-month low, posts weekly gain

The GBP/NOK currency pair settled above recent low of 13.3062, its weakest level since March 8th 2024, in the wake of the Bank of England’s and Norges Bank’s policy decisions. The Bank of England left its benchmark interest rate without change at 4% at its September 18th meeting. Two policy makers voted in favor of […] Read more

GBP/CAD settles below 111-month high, posts weekly loss

The GBP/CAD currency pair settled below recent high of 1.8842, its strongest level since June 24th 2016, in the wake of the Bank of England’s and the Bank of Canada’s policy decisions. The Bank of England left its benchmark interest rate without change at 4% at its September 18th meeting. Two policy makers voted in […] Read more

USD/NOK settles above 33-month low, posts weekly gain

The USD/NOK currency pair settled above recent low of 9.7330, its weakest level since December 15th 2022, in the wake of the Federal Reserve’s and Norges Bank’s policy decisions. The Fed lowered its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting and indicated another 50 basis points of […] Read more

USD/CAD settles above 3-week low, posts weekly loss

The USD/CAD currency pair settled above recent low of 1.3726, its weakest level since August 29th, in the wake of the Federal Reserve’s and the Bank of Canada’s policy decisions. The Fed lowered its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting and indicated another 50 basis points […] Read more

GBP/USD settles below 11-week high, posts weekly loss

The GBP/USD currency pair settled below recent high of 1.3726, its strongest level since July 2nd, in the wake of the Federal Reserve’s and the Bank of England’s policy decisions. The Fed lowered its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting and indicated another 50 basis points […] Read more

Spot Silver gains, holds not far from 14-year high

Spot Silver traded within striking distance of a 14-year peak of $42.97/oz. on Friday following a measured interest rate cut by the Federal Reserve and as the central bank signaled a gradual easing path by year-end. The Fed lowered its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting […] Read more

Gold eyes 5th weekly gain as Fed signals gradual easing

Spot Gold was on course for its fifth straight weekly advance following a measured interest rate cut by the Federal Reserve and as the central bank signaled a gradual easing path by year-end. The Fed lowered its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting and indicated another […] Read more

Gold extends losses after Fed decision, Powell remarks

Spot Gold extended a string of losses on Thursday on the back of a firmer US Dollar, following a measured interest rate cut by the Federal Reserve. The Fed lowered its federal funds rate target range by 25 basis points to 4.00%-4.25% at its September meeting, in line with market consensus. The central bank also […] Read more