Gold Holds Near $4,600 as Investors Eye Fed Rate‑Hike Outlook
Gold steadied around $4,600 per ounce while markets assess the United States’ interest‑rate trajectory ahead of a pivotal speech by Federal Reserve Chairman Kevin Warsh.
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Gold steadied around $4,600 per ounce while markets assess the United States’ interest‑rate trajectory ahead of a pivotal speech by Federal Reserve Chairman Kevin Warsh.
Asian currency pairs displayed limited movement versus the U.S. dollar as investors prepared for Federal Reserve Chairman Warsh’s upcoming remarks at the Jackson Hole symposium.
Rising inflation in Australia has led analysts from Goldman Sachs and Commonwealth Bank to forecast a possible Reserve Bank rate increase next month, overturning earlier expectations of a steady rate for the rest of the year.
The U.S. Securities and Exchange Commission is reviving a crypto custody regulation that stalled under the former administration, aiming to tighten where investment advisers can store clients’ digital assets, although the new approach remains largely undisclosed.
Oil fell for a third day after Iran and Oman discussed an interim framework to resume shipping through the Strait of Hormuz, a critical chokepoint for global energy trade.
U.S. equity-index futures edged lower on caution before Nvidia's earnings release, while oil prices extended their recent decline.
Gold continued its upward trend for a fifth straight day, supported by falling U.S. Treasury yields and a decline in crude prices after Iran and Oman discussed reopening the Strait of Hormuz, easing inflation worries.
The Treasury Department announced a comprehensive sanctions package aimed at crippling Iran’s economic links worldwide, while Tehran vows a multi‑year counter‑strategy.
President Trump has announced a 50% tariff increase on Canadian cars, trucks and parts, prompting Canada to vow reciprocal duties and a potential collapse of USMCA talks. The escalation threatens North American trade and businesses.
Gold prices hovered close to a three‑month high after a decisive Treasury step in the bond market revived worries over a softer dollar, nudging investors toward safe‑haven assets.
West Texas Intermediate and Brent crude fell on Monday as markets digested the looming announcement of a new U.S. sanctions package against Iran, while Tehran rebuffed the threat of intensified economic pressure.
The New Zealand dollar slipped past the 0.6000 mark against the U.S. dollar after the latest retail sales data fell short of expectations, signaling a potential slowdown in consumer spending.