April 25, 2025 6:53 am
Spot Gold retreated more than 1% on Friday, as China was considering suspension of tariffs on some US imports, which reduced the safe haven allure of the yellow metal. 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 moreApril 24, 2025 9:54 am
Spot Silver pulled back from a 3-week high of $33.68 per troy ounce on Thursday, as investors likely took profits after yesterday’s 3.3% rally. Developments on the tariff front continued to be in the spotlight. US Treasury Secretary Scott Bessent said yesterday that the current high tariff rates between the US and China were unsustainable […]
Read moreApril 24, 2025 6:48 am
Spot Gold rebounded from a one-week low of $3,260.19 per troy ounce on Thursday on likely dip buying. “The kind of volatility we’re seeing this week is being driven by technicals and headline risk. But the fundamentals are strong, so dip buying is effectively a function of investors moving in on the basis of the […]
Read moreApril 23, 2025 10:55 am
The USD/ZAR currency pair hovered just above a fresh 3-week low of 18.4876 on Wednesday, as the Rand remained firm against a broadly weaker US Dollar after the latest CPI data out of South Africa. Annual consumer price inflation in South Africa has eased to 2.7% in March from 3.2% in February, against market consensus […]
Read moreApril 23, 2025 8:49 am
Spot Silver rose more than 1% on Wednesday, holding near the $33 mark, as it tracked a broader rally in commodities due to signs of easing trade tensions between the US and China. US President Trump expressed optimism that a trade deal with China could “substantially” lower tariffs on Chinese imports, while the final deal […]
Read moreApril 23, 2025 7:01 am
Spot Gold pulled back from an all-time high of $3,500.12 per troy ounce on Wednesday, after US President Donald Trump withdrew threats to fire Federal Reserve Chair Jerome Powell and also expressed optimism over a trade deal with China, which reduced the metal’s safe haven allure. Yesterday US President Trump withdrew his threats to dismiss […]
Read moreApril 22, 2025 11:25 am
Spot Silver held ground above $32.50 on Tuesday amid risk aversion due to political uncertainty and global trade tensions. Yesterday US President Trump reiterated his criticism of Federal Reserve Chair Powell, suggesting the possibility of removing him. Trump warned that the economy could slow in case interest rates are not lowered immediately. The remarks brought […]
Read moreApril 22, 2025 7:11 am
Spot Gold registered a fresh all-time high of $3,500.12 per troy ounce on Tuesday amid investor rush to safety due to heightening economic uncertainty. Yesterday US President Trump reiterated his criticism of Federal Reserve Chair Powell, suggesting the possibility of removing him. Trump warned that the economy could slow in case interest rates are not […]
Read moreApril 20, 2025 4:10 pm
The GBP/CAD currency pair settled below recent high of 1.8496, its strongest level since April 4th, after the latest inflation data out of the United Kingdom and the Bank of Canada’s policy decision. The Pound faced downward pressure this week following a softer-than-anticipated UK inflation reading. Annual inflation rate in the UK has slowed to […]
Read moreApril 20, 2025 12:13 pm
The GBP/CHF currency pair settled above recent low of 1.0609, its weakest level since September 29th 2022, after the latest inflation data out of the United Kingdom. In the meantime, optimism surrounding the progress in trade negotiations between the United States, Japan and Italy prompted investors to pare flows into safe haven assets such as […]
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