Gold sticks to intraday gains; lacks bullish conviction amid elevated US bond yields – FXStreet
Gold prices are struggling to capitalize on modest intraday gains amid mixed fundamental indicators. Expectations that the Fed will ease its dovish stance and rising US Treasury yields are capping the rise in XAU/USD. Geopolitical risks, trade war concerns and expectations for Fed rate cuts could support precious metals. Gold prices (XAU/USD) lost most of […]
Dollar gains ahead of CPI, yuan falls as China considers allowing currency to weaken – Yahoo Finance
Written by Hannah Lang NEW YORK (Reuters) – The dollar rose on Wednesday after U.S. price data was in line with expectations, boosting expectations that the Federal Reserve will cut interest rates next week. A Reuters report that China is considering allowing its currency to weaken next year also boosted the dollar, while the yuan […]
Gold (XAU) Silver (XAG) Daily Forecast: China’s Gold Buying Fuels Price Gains – FX Empire
Investors' focus has also shifted to the Federal Reserve's monetary policy, amid expectations that President-elect Donald Trump's economic strategy could spur inflation. There is an 85% chance of a 25 basis point rate cut in December, according to the CME Fedwatch tool, but speculation that further rate cuts will be paused has lifted the dollar […]
Silver (XAG) Daily Forecast: Industrial Demand Grows but Dollar Gains Weigh – FX Empire
The election of Scott Bessent as US Treasury Secretary reassured markets with his gradual approach to trade restrictions, further stabilizing bond markets and reducing interest in non-yielding assets such as silver. . Industrial and investment demand remains strong Despite short-term challenges, the long-term demand outlook for silver remains strong. The Silver Institute predicts that global […]
Dollar gains after Trump vows tariffs against Mexico and Canada – Yahoo Finance
SINGAPORE (Reuters) – The U.S. dollar weakened on Tuesday against major rivals after President-elect Donald Trump announced he would sign an executive order imposing 25% tariffs on all products imported into the United States from Mexico and Canada. rose widely. The dollar rose more than 2% against the Mexican peso and more than 1% against […]
Gold price down on corrective pullback from recent solid gains – Kitco NEWS
Jim Wyckoff He has been involved in the stock, financial and commodity markets for over 25 years. He spent many years as a financial journalist for the FWN Newswire Service, including stints as a reporter on the rough-hewn commodity futures exchanges in Chicago and New York. As a journalist, he has covered every futures market […]
Trump makes shocking gains in Fox News Voter Analysis
Correspondent Kevin Corke reports the latest on the Fox News Voter Analysis from the 2024 race. The ‘Fox & Friends’ co-hosts … source
Trump’s biggest gains among Jews were with religious voters — as secular Jews still backed Harris: report
The Republican Jewish Federation on Thursday released a report examining which side Jewish voters supported for President-elect Donald Trump in the Nov. 5 election, finding that he benefited the most from “the most.” “People who live a Jewish life and live in the largest Jewish communities.” The analysis by WPA Intelligence, a conservative political consulting […]
Japanese Yen gains positive traction against USD, upside potential seems limited – FXStreet
The Japanese yen has strengthened against the US dollar, but there is a lack of bullish confidence due to uncertainty from the Bank of Japan. Upbeat market sentiment and rising U.S. bond yields could help keep the low-yielding yen in check. Traders will focus on Thursday's US macro data, which the Fed will release ahead […]
Nancy Mace’s effort to ban transgender Delaware Democrat from Capitol women’s restrooms gains support
Delaware sparked a firestorm this month after electing its first transgender woman to Congress, with some Republican lawmakers demanding the new lawmaker be banned from women's restrooms. Rep.-elect Sarah McBride, a Democratic state senator from President Biden's hometown of Claymont, Delaware, defeated retired Delaware State Trooper John Whalen III 58% to 42%. Mr. McBride will […]