Spot gold peaked at $2,942.76 early Tuesday ahead of Federal Reserve Chair Jerome Powell’s testimony before Congress.
Powell stated that the Fed is prepared to keep interest rates unchanged as inflation remains elevated and the job market stays strong. Addressing recent policy changes, including Trump’s tariffs, he noted that interest rates are “well positioned...
Investor risk appetite is picking up as the new week gets going. There were some initial jitters in Asia, but cooler heads have prevailed for now. Uncertainty around U.S. tariffs remains a key focus for the market.
The latest announcement from Trump includes a 25% tariff on all steel and aluminum imports into the U.S. from all countries. He has also stated that...
Gold has surged past $2,900 for the first time, marking its seventh record high this year, following Trump’s announcement of fresh tariffs.
On Sunday, Trump unveiled plans to impose an additional 25% tariff on all steel and aluminum imports. While such tariffs could fuel inflation—typically a headwind for gold—the uncertainty surrounding U.S. trade policy is...
Markets are already showing signs of recovery after the sharp risk-off gap lower. The market selloff around tariffs appears overstated, likely exacerbated by thin trading conditions.
Recent U.S. tariff actions could be scaled back as negotiations progress, and markets tend to fill open gaps. The Canadian dollar saw significant weakness, hitting its lowest level...
In what could be the beginning of a trade war, China's retaliatory import taxes on certain U.S. goods are set to take effect on Monday.
Beijing has imposed a 15% tariff on coal and liquefied natural gas, along with a 10% tariff on crude oil, agricultural machinery, and pickup trucks. It has also introduced export controls on 25 rare metals critical to...
GBP volatility hinges on rate cuts and tariffs
The Bank of England is expected to cut interest rates this week, balancing the need to support slowing growth against the risk of renewed inflation.
A 25bp cut is largely priced in, but Goldman Sachs anticipates gradual GBP weakness rather than an immediate sharp decline, though a more dovish stance could pose...