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EssentialSilver remained firm around $38.90 per ounce, holding near its highest levels since 2010. A weaker dollar and lower U.S. yields underpinned the metal, while traders await Fed Chair Powell’s comments and trade updates ahead of the August 1 deadline. China’s pledge to boost industrial growth also added to silver’s positive outlook. Resistance is at $39.50, with...
Gold slipped, snapping a three-day rally. The retreat came after the U.S. struck trade agreements with Japan, the Philippines, and Indonesia, easing safe-haven demand. The latest deal with Japan includes 15% tariffs and expanded U.S. access. Still, unresolved tensions with the EU and anticipation ahead of next week’s Fed meeting are keeping investors on...
The pound climbed to $1.35, supported by a weaker dollar and cautious positioning ahead of the August 1 U.S. tariff deadline. Investors expect UK economic data to show improving momentum, while the Bank of England may scale back bond sales due to weak demand. Despite the optimism, markets still price in two BoE rate cuts in 2025. Resistance stands at 1.3550, with...
The euro hovered near $1.17 as traders awaited Thursday’s European Central Bank decision. With rates expected to remain steady following eight consecutive cuts, policymakers tread cautiously amid strength in the euro and lingering U.S. tariff uncertainty. Meanwhile, EU officials are preparing contingency plans in case trade negotiations with President Trump...
The yen held firm near 146.5 per dollar, its highest level in two weeks, after President Trump announced a trade agreement with Japan featuring 15% tariffs on exports. Japan, in turn, pledged $550 billion in U.S. investments and increased access for American goods. Prime Minister Ishiba’s lack of details and speculation about his possible resignation add further...
The yen hovered around 147.5 per dollar on Tuesday, holding its 1% gain as markets digested Japan’s election outcome. Despite the ruling coalition losing its upper house majority, Prime Minister Shigeru Ishiba is likely to stay in office, easing political concerns. Ishiba confirmed his continued involvement in US trade negotiations. Meanwhile, opposition parties...
NYSE:TVC : SILVER Silver is trading above $38.3, supported by safe-haven flows and resilience in industrial demand. The metal outpaces gold on the back of stronger relative momentum and inflation expectations.
Gold Near 5-Week High as Silver Rallies The market turns its focus to the upcoming August 1 U.S. tariff deadline, which could impose up to 30% duties on EU exports. The uncertainty around global trade negotiations, combined with central banks largely holding rates steady, has pushed investors toward safer assets. TVC:GOLD Gold is holding around $3,380, near a...
Gold reached $3,402 today, marking its highest level in five weeks. Market attention remains on the August 1 Trump tariff deadline. The EU continues negotiating with the US but is also preparing countermeasures if talks fail. Earlier this month, the US warned of a 30% tariff on EU imports. On the policy front, the ECB is expected to hold rates at 2.00% this week....
The dollar index remained below 98 today, extending its two-day decline as investors watched trade negotiations ahead of the August 1 deadline. Treasury Secretary Scott Bessent said deal quality is the priority, suggesting Trump could grant extensions to countries showing real progress. Markets are also focused on Fed Chair Powell’s speech for signals on...
As of July 21, 2025, silver (XAG/USD) trades between $38.20 and $38.40, maintaining its upward trend. Key resistance is at $38.50; a break above could lead to $39.10–$40.00. Strong support is at $37.00 and $36.80. The RSI is nearing overbought, suggesting a possible short-term correction. Upcoming U.S. CPI and PPI data may raise Fed rate cut expectations,...
Gold rose to around $3,350 per ounce on Monday, extending its gains for a second session amid concerns over Trump’s tariff strategy. Commerce Secretary Howard Lutnick said a deal with the EU is likely but confirmed the August 1 tariff deadline. He also suggested smaller countries could face at least a 10% tariff, with some rates reaching 40%. Strong US data last...
GBP/USD started the week steady, trading just above 1.3400 during the Asian session and holding near last week’s two-month low. The US Dollar remains soft below Thursday’s monthly peak, as markets weigh the prospects of a Fed rate cut. Although Fed Governor Waller backed a July cut, most investors expect the Fed to keep rates higher for longer due to Trump’s...
EUR/USD Pulls Back Amid Trade Deal Uncertainty EUR/USD edged down to 1.1620 during Monday’s Asian session, after gains in the previous session, as the US Dollar stayed firm and traders remained cautious ahead of the August 1 tariff deadline. US Commerce Secretary Howard Lutnick said the Trump administration expects to finalize trade deals with major partners in...
Yen Recovers After Japan’s Upper House Election The Japanese yen rose to around 148.5 per dollar on Monday, recovering some of last week’s losses after the ruling coalition lost its upper house majority. Markets had mostly priced in the result, limiting the reaction. Prime Minister Ishiba is expected to remain in office, which could ease concerns over political...
Silver rebounded toward $38 per ounce on Friday, recovering from a two-day decline as the U.S. dollar and Treasury yields eased. The move reflected shifting sentiment on Fed policy and trade conditions after earlier losses sparked by inflation data that reduced hopes for near-term rate cuts. U.S. stock futures edged higher following record closes for the S&P 500...
Gold remained below $3,340 per ounce on Friday and was on track for its first weekly decline in three weeks. The metal faced pressure after stronger U.S. data, including a rebound in retail sales and a sharp drop in jobless claims, reduced the immediate need for Federal Reserve rate cuts. Fed Governor Adriana Kugler backed keeping rates steady for now, pointing to...
The yen rose to around 148 per dollar on Friday, recovering from the previous day’s decline as markets assessed fresh inflation figures. Japan’s inflation eased slightly to 3.3% in June from 3.5% in May but remained above the Bank of Japan’s 2% target for the 39th straight month. This persistent overshoot has intensified speculation about possible policy...