Gold Price Forecast: XAU/USD attracts some buyers to near $2,700, traders brace for Fed rate decision – FXStreet
Gold prices rebounded to around $2,690 in Friday's Asian session, up 42% on the day. Gold demand and geopolitical risks are likely to support gold prices. The Fed's cautious stance due to President Trump's tariff policy could put pressure on USD-denominated gold. Gold prices (XAU/USD) regained some ground during Friday's Asian trading hours to around […]
Americans rate Trump’s cabinet picks in new poll
A majority of U.S. voters asked in a new Fox News poll say they are hopeful that President-elect Donald Trump will be re-elected, but the majority of U.S. voters asked in a new Fox News poll say they are hopeful that President-elect Donald Trump will be re-elected. Opinions are divided as to the likely candidates […]
Gold (XAU) Silver (XAG) Daily News: Fed Rate Cuts and Inflation Boost Precious Metals – FX Empire
U.S. Treasury yields rose to their highest level in two weeks, signaling market expectations for inflationary pressure from fiscal policy. Despite gold's appeal as a hedge, its performance remains under pressure from rising bond yields and the dollar's recent monthly high. Silver outperforms gold due to demand for safe haven Silver (XAG/USD) is gaining momentum […]
Chances of Fed rate cut rise despite inflation ticking higher
Anthony Pompliano, CEO and founder of Professional Capital Management, breaks down the latest developments in whether to buy Bitcoin, the debanking debate, and the shooting death of UnitedHealthcare CEO. Inflation rose slightly in November, but that hasn't dampened market expectations that the Federal Reserve will cut interest rates at its policymakers meeting next week. The […]
November inflation increase won’t derail Fed interest rate cuts
Robust inflation numbers in November show the Fed still has work to do. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.7% in November, slightly higher than the previous month's annual inflation rate of 2.6%. Published by the Bureau of Labor Statistics (BLS). Inflation rose 0.3% on a monthly […]
Inflation ticks higher as Fed eyes another rate cut
Inflation rose slightly in November, but likely not enough to derail the Federal Reserve's plans for further interest rate cuts, according to figures released Wednesday by the Labor Department. Consumer prices rose 0.3% in November and rose 2.7% over the past 12 months, according to new Consumer Price Index (CPI) data released on Wednesday. Monthly […]
Millennials rely on credit cards at record rate during 2024 holiday season: study
Millennials are relying on credit cards more than ever as they head into the most economically challenging holiday season ever, new data shows. Millennials are using credit cards for the majority of their holiday spending (70% to 80%) and increasing since 2020, according to a three-year analysis of 2,000 American Millennials There is a trend. […]
USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]
US stock futures flat as markets weigh rate outlook, Syria tensions – Investing.com
Investing.com — U.S. stock index futures on Sunday night as investors awaited this week's key inflation data for further clues on interest rates, while heightened geopolitical tensions in Syria also focused on The market hardly moved. Futures were firm after Wall Street indexes hit record highs on Friday, but a better-than-expected nonfarm jobs report did […]
Forexlive Americas FX news wrap: Rate cut odds ramp up after US and Canadian jobs data – ForexLive
Market movements: WTI crude oil fell $1.20 to $67.10. US 10-year bond yield fell 2.9bps to 4.15% Bitcoin rises by $2,544 to $101,540 Gold rises $1 to $2,633 S&P500 rose 0.2% Japanese yen leads, Australian dollar lags This week's theme has been that it's difficult to connect market movements with economic news and data, and […]