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- Gold holds close to a new record high, with upcoming US labor data seen as potential trigger for fresh rally
- Dollar stays under pressure on Fed rate cut expectations, with focus turning to release of key US data
- Silver jumps above \$40 to reach the highest level since 2011
- US core inflation rises in July – PCE
- Gold extends gains above $3400, US inflation data in spotlight
- Dollar Index – recovery extends as bulls test critical resistances
- BTC/USD – bearish pressure persists while price remains under cloud base
- Gold rises amid heightened uncertainty following Trump’s firing of Fed Governor
- BTCUSD – bears back in control though key support remains resilient
- WTI extends rebound on supply concerns and fading optimism over peace talks
Gold – Hawkish Fed minutes dampen near-term sentiment further
Gold prices remain in the red for the third consecutive day, hitting their lowest point since May 15 during the early European session on Thursday, extending Wednesday’s 1.75% drop.
The Fed minutes, released late Wednesday, indicated…
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Federal policymakers remain hopeful that inflation will keep declining – FOMC minutes reveal
The minutes from the US Federal Reserve's April 30 / May 1 FOMC policy meeting indicate that policymakers expect price pressures to continue easing, moving towards the 2% target in the coming months.
Recent inflation data…
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The USDJPY maintains a strong stance in anticipation of the release of FOMC minutes.
Bullish momentum persists, with initial targets set at 156.78 (the high on May 14) and 157.01 (the Fibonacci 61.8% retracement level of the correction from 160.19 to 151.85).
The pair reached a new weekly high on Wednesday,…
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The British pound hits a two-month high after the inflation data release, but bullish momentum lacks…
Cable surged to a two-month high of 1.2761 on Wednesday following the release of UK inflation data for April, which showed a decrease in price pressure below expectations, dampening speculation for a June rate cut by the Bank of…
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Expectations for a Bank of England rate cut in June have been dampened by a smaller-than-anticipated…
Consumer prices in Britain rose by 2.3% year-on-year in April, a significant decrease from the 3.2% increase in March, marking the lowest rate in nearly three years (the CPI was 2.0% in July 2021). However, this rise fell short of the…
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Oil declines for the third consecutive day due to the prospect of ‘higher for longer’…
On Wednesday, oil prices dipped by over 1%, marking a third consecutive retreat. This drop comes amidst expectations that the Federal Reserve might maintain higher interest rates in the U.S. for an extended period due to persistent…
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Gold prices drop from record highs as concerns about interest rates continue
Gold prices fell in Asian trade on Tuesday, retreating from record highs as easing uncertainty over Iran reduced safe haven demand for the yellow metal, while concerns over U.S. interest rates persisted.
Among industrial metals, a rally…
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Oil prices drop due to concerns about demand amid the Fed’s interest rate trajectory
Oil prices continued to decline in Asian trading on Tuesday as investors anticipated ongoing U.S. inflation and higher interest rates, which could reduce consumer and industrial demand.
Brent crude futures dropped 57 cents, or…
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Gold prices have reached an all-time high, driven by geopolitical tensions and a surge in demand for…
Gold prices hit a record high in Asian trading on Monday, driven by heightened geopolitical tensions in the Middle East, which increased the demand for safe-haven assets. Additionally, a broader rally in metal markets contributed…
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Oil prices rise following the death of Iran’s president and concerns over the health of the…
Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and Saudi Arabia's crown prince canceled a trip to Japan due to concerns over the king's health.…
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