Articles by: Miroslav Marinoff

Spot Gold holds below $3,350 ahead of key macro data

Spot Gold edged lower on Tuesday, holding below the $3,350 mark, as market players continued to pay attention to tariff negotiations at the start of a data-laden week. US Treasury Secretary Scott Bessent said yesterday that many key US trade partners had made “very good” proposals to avert new tariffs. Also, China’s decision to exempt […] Read more

Spot Silver extends pullback from 3-week high

Spot Silver extended a pullback from recent 3-week high of $33.68 on Monday, as easing trade tensions between the US and China reduced the safe haven appeal of the metal. A firmer US Dollar was also weighing on the commodity. The partial rollback of tariffs on some US imports by China was perceived as a […] Read more

Spot Gold extends losses on easing US-China trade tensions

Spot Gold slid below the $3,300 mark on Monday, extending Friday’s losses, since easing trade tensions between the US and China reduced the safe haven appeal of the yellow metal. A firmer US Dollar was also weighing on the commodity. The partial rollback of tariffs on some US imports by China was perceived as a […] Read more

GBP/CHF settles below 3-week high, posts weekly gain

The GBP/CHF currency pair settled below Friday’s high of 1.1073, its strongest level since April 7th, after the latest UK retail sales data and as the Swiss Franc faced some pressure following statements by the Swiss National Bank. SNB Chairman Martin Schlegel issued a warning about the potential ramifications of the Trump administration’s tariff policies, […] Read more

AUD/RUB settles below 3-week high, posts weekly gain

The AUD/RUB currency pair settled below recent high of 53.624, its strongest level since April 3rd, in the wake of the Bank of Russia’s policy decision. The Bank of Russia (CBR) left its key policy rate without change at a record high of 21% at its April meeting, in line with market consensus. The central […] Read more

EUR/RUB settles below 1-week high, posts weekly gain

The EUR/RUB currency pair settled below recent high of 95.1960, its strongest level since April 16th, in the wake of the Bank of Russia’s policy decision. The Bank of Russia (CBR) left its key policy rate without change at a record high of 21% at its April meeting, in line with market consensus. The central […] Read more

CHF/RUB settles below 1-week high, posts weekly loss

The CHF/RUB currency pair settled below recent high of 101.431, its strongest level since April 17th, in the wake of the Bank of Russia’s policy decision. The Bank of Russia (CBR) left its key policy rate without change at a record high of 21% at its April meeting, in line with market consensus. The central […] Read more

GBP/RUB settles below 2-week high, posts 1% weekly gain

The GBP/RUB currency pair settled below recent high of 111.220, its strongest level since April 9th, in the wake of the Bank of Russia’s policy decision, while the Pound seemed to have ignored robust UK retail sales data. The Bank of Russia (CBR) left its key policy rate without change at a record high of […] Read more

USD/RUB off 1 1/2-week high as CBR keeps rates at 21%

The USD/RUB currency pair pulled back from recent high of 83.9750, its strongest level since April 14th, as the Bank of Russia kept borrowing costs on hold, in line with market consensus. The Bank of Russia (CBR) left its key policy rate without change at a record high of 21% at its April meeting. The […] Read more

Spot Silver slips but stays near 3-week high

Spot Silver lost ground on Friday, but remained not far from a 3-week high of $33.68 per troy ounce, in light of the latest developments on the tariff front. Media reports stated that some US imports might be exempted from China’s 125% tariffs, with the government asking businesses to identify goods that could be eligible. […] Read more