Gold price update for Monday, July 28, 2025: Gold remains steady amid advancements in trade agreements
Gold futures started the week on Monday at $3,321.10 per ounce, showing a decline of 0.4% from Friday’s close of $3,334. Notably, prices have dropped 3.5% from last week’s high of $3,441. A potential contributing factor to this drop could be the positive developments concerning trade deals. Reports suggest the US and EU have agreed […]
Trump returns from Scotland as he prepares for an important trade week and awaits the Fed’s decision on reducing interest rates.
Trump’s Agenda: Trade Deals and Federal Reserve Decisions This week, President Donald Trump’s schedule is packed with significant items, including a brief visit to Scotland, discussions around the World Trade Agreement, and meetings related to the Federal Reserve’s interest rate decisions. On Sunday, Trump revealed his new trade agreement with the European Union during a […]
USD/JPY rises to the 138.40 range as the Dollar strengthens following trade agreements
The US has been acknowledged for reaching new highs this week, surpassing 138.40. A trade agreement between the US and its partners has strengthened the US dollar. Market anticipation of the Fed’s extended support is providing further backing for the USD. On Sunday, President Trump and European Commission President Ursula von der Leyen established a […]
Trump meets UK Prime Minister Starmer in Scotland after finalizing trade agreement with the EU
Trump Meets UK Prime Minister Starmer After EU Trade Deal President Donald Trump had a meeting with British Prime Minister Kiel Starmer on Monday, following his recent trade deal with the European Union. This bilateral meeting is taking place at Turnberry, Scotland. Interestingly, the UK was the first to announce a trade agreement with the […]
Silver Price Outlook: XAG/USD has difficulty maintaining $38 as US-EU trade agreement boosts market sentiment
Silver prices show caution around $38.00 following the confirmation of the US-EU trade agreement. Washington imposes a 15% tariff on imports from Brussels. The Federal Reserve is expected to maintain interest rates steady on Wednesday. Silver (XAG/USD) is expected to be traded cautiously near the significant support level of $38.00 during Asian trading hours on […]
Stocks rise and euro remains stable after trade deal between US and EU
On Monday, global stock markets experienced gains, and the euro reached a strong position, fueled by positive sentiment regarding trade agreements between the US and the EU. This optimism came at a crucial time, just before a significant policy meeting involving the Federal Reserve and the Bank of Japan. The US has struck a framework […]
Australian Dollar stabilizes as market sentiment improves, focusing on US-China trade discussions
The Australian Dollar’s Struggles Amid Trade Talks Traders exercise caution ahead of US-China trade discussions. Expectations for a three-month extension of the tariff ceasefire between the US and China. Awaiting Australia’s second quarter CPI data, which may influence the next decision from the RBA. On Monday, the Australian Dollar (AUD) dipped against the US Dollar […]
GBP/USD moves nearer to the mid-1.3400s as trade optimism weakens the safe-haven USD.
GBP/USD Currency Pair Overview GBP/USD is facing a challenge in gaining further purchases but begins the week on a positive note. The US-EU trade deal is boosting risk sentiment, weakening the USD, and providing support. Traders seem hesitant with upcoming central bank events and potential data releases from the US. The GBP/USD pair showed some […]
The trade agreements Trump has reached before the August 1 tariffs
After some delays, President Trump’s much-anticipated global tariffs are set to be implemented by the end of this week. On April 2, Trump introduced “mutual” tariffs intended to leverage trade deficits when calculating rates across numerous countries. However, a week later, he reduced these rates to 10% for an initial three-month period, likely due to […]
EUR/USD maintains strength above 1.1750 after US-EU trade deal
The EUR/USD is seeing positive movement thanks to a new trade agreement between the US and the European Union, which has alleviated concerns regarding broader trade tensions. The recent trade deal involves a 15% tariff on most goods imported from Europe. The Federal Reserve is anticipated to maintain benchmark interest rates within the 4.25% to […]