Gold slides as US yields surge, keeping $4,100 out of reach

Gold slides as US yields surge, keeping ,100 out of reach

Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045. XAU/USD drops as Treasury yields, Fed dissents and […]

Bulls defend 50-day SMA as rebound builds

Bulls defend 50-day SMA as rebound builds

The USD/CHF bounces off weekly lows and meanders around 0.8080 after hitting a daily high of 0.8127, amid presumed intervention, with Nikkei reporting that the US Treasury Department has told currency market participants to prepare for additional intervention, following Thursday’s action by Japanese authorities to boost the Yen. USD/CHF Price Forecast: Technical outlook The USD/CHF […]

US labor market takes center stage after hawkish Fed split

US labor market takes center stage after hawkish Fed split

The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data. The spotlight will be on July’s Nonfarm Payrolls (NFP) report, while ISM surveys, ADP Employment figures […]

US and Israel plan to attack Iran’s energy infrastructure – CBS News

US and Israel plan to attack Iran’s energy infrastructure – CBS News

CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran’s energy infrastructure, said multiple sources. The duration would be over the weekend ahead of next week’s Asian open in the financial markets. The article mentions that US sources revealed that Israel has been notified and “are […]