Silver Price Forecast: XAG/USD slips below $69.00 ahead of Fed Chair speech
Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $68.80 per troy ounce during the Asian hours on Friday.
Euro gains on hawkish ECB policy outlook
EUR/USD edges higher after registering minor gains in the previous day, trading around 1.1650 during the Asian hours on Friday. The pair gains ground, bolstered by the European Central Banks (ECB) hawkish monetary policy outlook.
Gold tumbles below $4,600 ahead of Jackson Hole Symposium
Gold price (XAU/USD) attracts some sellers below $4,600 during the early European trading hours on Friday. The precious metal retreats from a three-month high as in-line US inflation data has reinforced the possibility of further Federal Reserve (Fed) rate hikes.
Nvidia sales soar on rapid buildout of AI data centres
Chipmakers $96bn quarter beat forecasts as demand for AI hardware continues to accelerate.
Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
'They asked too much': Canadian dollar slides as Ottawa and Washington head for all-out trade war
"As a smaller, more open economy, Canada has more to lose from this," ING strategists said Monday.
Singapore inflation hits highest in nearly two years, but undershoots expectations
Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters
Bessent's bond gambit aimed at calming markets is instead stirring inflation worries
The so-called breakeven rate hit its highest levels in more than two months.
Bessent's efforts in the Treasury market so far haven't worked. Here's what else he can try
Market experts showed skepticism at whether the push would succeed against a bevy of factors working against Treasurys.
Bessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked
Treasury Secretary Scott Bessent said Thursday that there's a "very good chance" of the U.S. has seen its budget deficit peak under President Donald Trump.
Bessent says Treasury buyback operation could be more than $4 billion
Bessent said his department is going "make a market" in the longer-dated securities where yields have been surging lately.
Trump bemoans Fed interest rate policy, says U.S. should be paying much less
As he has done in the past, Trump accused Fed officials of having political motives.
Canada averts fresh wave of US tariffs after Trump extends deadline
US President Donald Trump said he will delay imposing new tariffs on a wide array of Canadian goods for three days as the countries firm up a trade deal.
Wholesale prices were flat in July, below expectations for 0.2% increase
The producer price index was expected to increase by 0.2% in July, according to the Dow Jones consensus.
U.S. budget deficit surged in July to highest level since March 2021
Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.
Here are five key takeaways from the July CPI inflation report
Readings for July on the prices consumers pay for goods and services came in pretty much on target.
Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%
The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.
AI‘s costly build-out complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center build-out create inflation pressures that complicate the Feds job.
Here are three key takeaways from the disappointing July jobs report
Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals.
US strikes $1.2bn deal to pay German firm to halt offshore wind projects
The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.