GOLD PRICE CAUTIOUS AHEAD OF US-RUSSIA TALKS Gold price stalls near $2,900, struggling to build on the rebound. US Dollar strengthens as market nervousness rises, with Treasury yields attempting a bounce. Gold could dip toward $2,950, but the bullish bias remains. Market watches closely for US-Russia bilateral talks
US OFFICIALS DISCUSS TARIFFS, TRADE, AND DEFENSE Bessent warns of substantial tariffs if other countries don’t reduce theirs. Bessent emphasizes Trump’s desire for frictionless trade and focuses on non-tariff barriers. Hegseth says Ukrainian borders remain uncertain. Hegseth advocates for more US troops in Poland.
GOLDMAN SACHS RAISES GOLD PRICE FORECAST TO $3,100/OUNCE Goldman Sachs increases its year-end gold price target to $3,100/oz, up from $3,000. The new forecast is over 6.5% higher than the current gold price. Central bank gold demand is expected to average 50 tonnes per
GBP/USD is falling close to 1.2600 before UK job data comes out on Tuesday. UK Prime Minister Starmer said a peace deal for Ukraine must have US support to stop future Russian attacks. US Fed official Michelle Bowman warned that inflation is still a risk, so rate cuts
AUSTRALIAN CONSUMER CONFIDENCE FALLS TO NEW LOW, RBA RATE CUT EXPECTED ANZ-Roy Morgan Australian Consumer Confidence index drops to 85.1, from 86.7. This marks a new low for 2025. Consumers are facing economic challenges, with the RBA rate cut possibly offering some relief. The RBA is expected to
Oil prices dropped for the fourth day in a row. A possible peace deal between Russia and Ukraine might reduce supply problems. If sanctions ease, more oil could be available. Trade wars could slow the economy. A weaker economy may lower energy demand.
Gold Price: Stays above $2,900 with small gains. Reason for Buying: Fears of a global trade war make gold attractive. Fed Rate Cuts: Hopes for lower interest rates help gold. Possible Limits: Rising US bond yields and a stronger USD may slow gold’s rise.
XRP Price Drop: XRP fell by 4% in early Asian trading on Tuesday. Price Level: It went below $2.72. Reason: The Department of Government Efficiency is now focusing on investigating the SEC (Securities and Exchange Commission). Elon Musk & DOGE: The shift in attention may be related to Elon
European markets opened a little higher on Monday. The Stoxx 600 index rose by about 0.1%. Different stock markets in Europe showed mixed results. Political and defense issues are affecting the markets. The U.S. is planning talks with Russia about the Ukraine war. Ukraine and European officials are
Stock Market Update: The S&P 500 stayed almost the same on Friday after a strong week. Dow Jones: Fell by 165.35 points (0.37%), closing at 44,546.08. S&P 500: Dropped slightly by 0.01%, ending at 6,114.63. Reason: Investors are thinking
UK LABOR MARKET DATA SHOWS WORSENING UNEMPLOYMENT CLAIMS UK unemployment claims rose by 22,000 in January, surpassing expectations of 10,000. The rise follows a revised decrease of 15,100 claims in December. The data indicates a negative trend in the UK labor market, with wage growth data also
Japan’s industrial output dropped in December instead of growing as expected. It fell by 0.2% compared to November. Experts had predicted a 0.3% increase. In November, industrial output had grown by 0.3%. The data was released by Japan’s Ministry of Economy, Trade, and Industry.