The gold price is currently trading near $2,385 on Monday, experiencing a slight decline. This is mainly attributed to the hawkish shift in market sentiment, which could potentially dampen the demand for the yellow metal. The recent comments by Federal Reserve officials have also contributed to capping the upside of gold. Interest Rates and Gold
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The recent weakening of the Japanese Yen could lead to a rise in import costs and inflation, which may have implications for household spending and the overall Japanese economy. The upcoming release of inflation data from Tokyo will provide insight into how the weaker Yen is affecting consumer prices, giving the Bank of Japan valuable
China has a significant impact on Australian exports, accounting for one-third of the total exports. This relationship is crucial as it influences job creation and wage growth in Australia. With 20% of the Australian workforce in trade-related jobs, any improvements in trade terms with China could potentially lead to an increase in job opportunities and
The steel industry in China is currently facing challenges beyond U.S. tariff threats. Despite President Joe Biden’s proposal to triple tariffs on Chinese steel imports, the impact is largely seen as symbolic. With steel consumption in China expected to shrink again this year due to a prolonged property crisis and slowing infrastructure demand growth, the
As the Research Team continues to monitor various economic indicators such as the 2-year and 10-year UST yields, the US Dollar Index, and energy markets, it is essential to recognize the significance of these metrics in assessing market trends. The upcoming release of the US GDP Advance estimate and the PCE Price Index will provide
As economists forecast, the S&P Global Services PMI is expected to increase slightly from 54.8 to 54.9 in April. This slight uptick in the PMI could potentially shift investor expectations regarding future Fed interest rate cuts in 2024. However, it is crucial for investors to delve deeper into the sub-components of the PMI, such as
In response to the increasing military pressures from China, Taiwan’s defense ministry has recently emphasized the importance of utilizing the funding allocated for the island in a $95 billion legislative package. This funding package primarily focuses on providing security assistance to Ukraine and Israel. Despite the absence of formal diplomatic ties, the United States remains
In a recent interview on CNBC’s “ETF Edge,” VanEck CEO Jan van Eck emphasized the importance of considering commodities in investment portfolios. According to van Eck, there has been a significant “big change” in the global economy, particularly with the resurgence of international expansion. China, the world’s second-largest economy, is identified as a key contributor
The gold market has been on a wild ride lately, with prices surging past $2400.00 USD to hit a new all-time high. This unprecedented climb has been driven by a growing appetite for “safe-haven” assets, as investors seek refuge from escalating geopolitical tensions and economic uncertainty around the globe. The recent spike in geopolitical tensions,
On a recent Friday, a wave of risk aversion swept over the currency markets due to reports of explosions in Iran and concerns over the Israeli-Hamas conflict in the Middle East. This led to a sharp decline in the Australian and New Zealand dollars, while the Japanese yen saw an uptick as investors sought safe-haven
The recent comments from Federal Reserve officials have solidified the expectation that U.S. monetary settings will remain restrictive, causing the dollar to soften. Despite rising in previous weeks due to strong U.S. economic data and inflation, the dollar is now facing pressure as traders reassess the possibility of rate cuts in the near future. The
The USD/JPY pair continues to decline as the US Dollar correction exerts pressure on the pair. During the Asian trading hours on Thursday, the pair was seen trading around 154.30, marking its second successive session of losses. The decline in the US Dollar is primarily responsible for the downward trend in the USD/JPY pair. Japan’s