Gold price regains positive traction on Monday as geopolitical risks revive safe-haven demand. The USD remains depressed below a multi-week high and further benefits the precious metal. The market focus now shifts to the crucial two-day FOMC policy meeting starting on Tuesday. Gold price (XAU/USD) sticks to its modest intraday gains above the $3,250 level…
Here is what you need to know on Friday, January 17: Markets remain in a cautiously optimistic mood, digesting the stronger-than-expected Chinese growth and activity data, while staying nervous before US President-elect Donald Trump’s inaugaration and amid looming tariffs. China’s economy expanded by 5.4% in the fourth quarter of 2024, exceeding the market’s expectation of…
AUD/USD draws support from a softer USD downtick, though it lacks bullish conviction. The Fed’s hawkish stance and a weaker risk tone lend support to the safe-haven buck. The RBA’s dovish shift and China’s economic woes also contribute to capping the pair. Traders look to the US PCE Price Index for short-term opportunities later this…
Middle East geopolitical tensions mount as the 15-year-long civil war in Syria took a new turn over the weekend after Syrian rebels seized control and ousted the old autocratic leader, President Bashar al-Assad, after seizing control of Damascus on Sunday. Reuters reported that Russia has given asylum to Bashar al-Assad and his family after the…