July 17, 2025 7:15 am
Spot Gold retreated on Thursday, weighed down by a firmer US Dollar and as market tensions eased after US President Trump said it was “highly unlikely” that he would fire Federal Reserve Chair Jerome Powell. Yesterday Trump said that he was not planning to dismiss Powell, but kept the door open to that possibility. Trump […]
Read moreJuly 16, 2025 10:54 am
The USD/ZAR currency pair was mostly flat on Wednesday, not far from last Friday’s 2 1/2-week high of 17.9734, ahead of South Africa’s retail sales report for May, which may provide more clues on the health of the local economy. Yesterday data by Statistics South Africa showed mining output grew 0.2% year-on-year in May, after […]
Read moreJuly 16, 2025 10:03 am
Spot Silver rebounded on Wednesday, snapping a two-day streak of losses, as the US Dollar eased from recent peak, after data revealed a surge in US consumer prices in June, while market players awaited more clarity on US trade policy. Annual CPI inflation in the US accelerated to 2.7% in June, or the highest rate […]
Read moreJuly 16, 2025 7:07 am
Spot Gold gained on Wednesday, snapping a two-day streak of losses, after data revealed a surge in US consumer prices in June, while market players awaited more clarity on US trade policy. Annual CPI inflation in the US accelerated to 2.7% in June, or the highest rate since February, from 2.4% in May. And, annual […]
Read moreJuly 14, 2025 1:34 pm
Spot Silver scaled a fresh high not seen since September 2011 (at $39.13), after fresh tariff threats by US President Donald Trump, which spurred demand for safe-haven assets. He threatened over the weekend to impose a 30% tariff on imports originating from Mexico and the European Union, beginning on August 1st, as trade negotiations failed […]
Read moreJuly 14, 2025 8:04 am
Spot Gold scaled a three-week peak of $3,375.08 on Monday, after fresh tariff threats by US President Donald Trump, which spurred demand for safe-haven assets. He threatened over the weekend to impose a 30% tariff on imports originating from Mexico and the European Union, beginning on August 1st, as trade negotiations failed to produce a […]
Read moreJuly 13, 2025 12:46 pm
The GBP/NOK currency pair settled above Friday’s low of 13.6506, its weakest level since June 24th, after data showed the UK economy had shrunk for a second straight month in May, which added to expectations that the Bank of England could cut interest rates next month. UK GDP contracted 0.1% month-on-month in May, following a […]
Read moreJuly 13, 2025 8:29 am
The GBP/SEK currency pair settled above Friday’s low of 12.8695, its weakest level since June 18th, after data showed the UK economy had shrunk for a second straight month in May, which added to expectations that the Bank of England could cut interest rates next month. UK GDP contracted 0.1% month-on-month in May, following a […]
Read moreJuly 12, 2025 8:39 am
The GBP/USD currency pair settled above Friday’s low of 1.3480, its weakest level since June 23rd, as the greenback gained on renewed tariff concerns. This week, US President Donald Trump said the US would impose a 35% tariff on Canadian imports and announced plans of blanket duties of 15% or 20% on the majority of […]
Read moreJuly 11, 2025 9:04 am
Spot Silver scaled a fresh high not seen in over 13 years on Friday, after the US slapped fresh tariffs on goods from Canada and warned of blanket duties on other trade partners, driving up safe-haven demand. Yesterday US President Donald Trump said the US would impose a 35% tariff on Canadian imports and announced […]
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