Articles by: Miroslav Marinoff

EUR/USD settles below 7-week high, posts weekly gain

The EUR/USD currency pair settled below recent high of 1.1780, its strongest level since July 24th, in the wake of the European Central Bank’s policy decision and as concerns over a weakening US labor market outweighed inflation woes. Annual headline consumer inflation in the US has picked up to 2.9% in August from 2.7% in […] Read more

Gold eyes 4th weekly gain as soft data, Fed rate outlook support

Spot Gold held close to an all-time high of $3,673.95/oz. on Friday and was on course for its fourth straight weekly advance, as concerns over a weakening US labor market outweighed inflation woes prior to the Federal Reserve’s policy meeting. Annual headline consumer inflation in the US has picked up to 2.9% in August from […] Read more

Silver holds ground near 14-year peak with focus on US CPI

Spot Silver eased but held close to a 14-year peak of $41.66/oz. on Thursday, supported by investor expectations of a Federal Reserve interest rate cut this month and ahead of the key US CPI inflation report. Annual headline consumer inflation in the US probably picked up to 2.9% in August from 2.7% in July, according […] Read more

Spot Gold holds not far from record ahead of US CPI test

Spot Gold eased but held close to an all-time high of $3,673.95/oz. on Thursday, supported by investor expectations of a Federal Reserve interest rate cut this month and ahead of the key US CPI inflation report. Annual headline consumer inflation in the US probably picked up to 2.9% in August from 2.7% in July, according […] Read more

Spot Silver holds gains near 14-year peak

Spot Silver held ground near a 14-year peak of $41.66/oz. on Wednesday, supported by expectations of a Federal Reserve interest rate cut this month. Markets are now pricing in about a 92% chance of a 25 basis point Fed rate cut in September and an 8% chance of a super-sized 50 basis point cut. Lower […] Read more

Spot Gold holds near record on rate outlook, US CPI eyed

Spot Gold held in proximity to an all-time high of $3,673.95/oz. on Wednesday, supported by expectations of a Federal Reserve interest rate cut this month. Markets are now pricing in about a 92% chance of a 25 basis point Fed rate cut in September and an 8% chance of a super-sized 50 basis point cut. […] Read more

Spot Silver stays near 14-year high on US rate outlook

Spot Silver held near a fresh 14-year high of $41.66/oz. on Tuesday, underpinned by rising expectations of a Federal Reserve interest rate cut this month, while the US Dollar retreated and US bond yields fell. Employers in all sectors of the US economy, excluding farming, added only 22,000 job positions in August, well below market […] Read more

Spot Gold extends record string on Fed easing prospects

Spot Gold scaled a new all-time high of $3,659.43/oz. on Tuesday, underpinned by rising expectations of a Federal Reserve interest rate cut this month, while the US Dollar retreated and US bond yields dropped. Employers in all sectors of the US economy, excluding farming, added only 22,000 job positions in August, well below market consensus […] Read more

USD/CHF settles above 5 1/2-week low, posts weekly loss

The USD/CHF currency pair settled above Friday’s low of 0.7956, its weakest level since July 28th, following a considerably slower than anticipated US job growth, which cemented expectations of a Federal Reserve interest rate cut this month. Employers in all sectors of the US economy, excluding farming, added only 22,000 job positions in August, well […] Read more

USD/SEK settles above 3 1/2-year low, posts weekly loss

The USD/SEK currency pair settled above Friday’s low of 9.3352, its weakest level since March 2022, following a considerably slower than anticipated US job growth, which cemented expectations of a Federal Reserve interest rate cut this month. Employers in all sectors of the US economy, excluding farming, added only 22,000 job positions in August, well […] Read more