Gold

Jackson Hole Aftermath Sparks 25 or 50bps Debate

Federal Reserve Chair Jerome Powell signaled a rate cut in September during his speech at the Jackson Hole Symposium last Friday. In response, the British pound surged over 1%, climbing above $1.322, its highest level since March 2022. Meanwhile, the...

4 Political Tensions Fueling Gold Prices

As gold aims to test record high again, let's look at some of the political issues possibly driving the price action. The Pentagon has dispatched a guided missile submarine and a carrier strike group, to the Middle East. This move...

Fears Fail to Keep Gold Above $2,400: A Temporary Dip?

Gold has slipped below the $2,400 mark even as geopolitical tensions possibly escalate, with Israel bracing for potential retaliation from Iran. US intelligence indicates the response could come late Thursday or Friday....

Red Monday: Emergency rate cut needed?

US equities just experienced their worst day since 2022, with the S&P 500 dropping 3.0%, the Nasdaq falling 3.4%, and the Dow Jones Industrial Average plummeting by 1033 points. All sectors in the US saw declines, with mega-cap tech stocks...

Gold trade with Israel-Iran in Focus

Gold temporarily surged past $2,474 per ounce on Friday, marking a new record high, as a weak U.S. jobs report bolstered expectations of a dovish shift by the Federal Reserve. The U.S. economy added 114,000 jobs in July, significantly below...

More market events to watch this week

The US Federal Reserve is set to announce its interest rate decision on July 31, with expectations pointing towards a hold. Wall Street Journal Fedwatcher Nick Timiraos suggests that the Fed may lay the groundwork for a potential rate cut...

Critical Economic Events to Watch Next Week

Over three-quarters of economists surveyed by Reuters expect the Bank of Japan to maintain its current rate next week, with a possible move in September or October. However, sources indicate that the outcome of the July 30-31 meeting is uncertain....

Trump, Fed Speculation Drive Gold to New Heights

Gold price cleared the May 20 high of $2450 on Tuesday, as expectations intensify that the U.S. Federal Reserve will commence an easing cycle in September. Fed Chair Jerome Powell addressed the Economic Club of Washington this week, noting the...

Four key inflation reports to watch next week

Canada's inflation unexpectedly rose to 2.9% in May, complicating the Bank of Canada's rate cut plans. The UK's inflation slowed to 2%, with the Bank of England projecting a rise to 3%, affecting rate cut timing. New Zealand's CPI data,...
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