Gold price slips as Trump says Iran ceasefire is over

Gold price slips as Trump says Iran ceasefire is over

Gold (XAU/USD) price retreats on Friday during the North American session, pressured by US President Donald Trump’s comments allowing the resumption of US-Iran talks, but reiterating that the ceasefire is “over.” The XAU/USD pair trades at around $4,103, down 0.48%. XAU/USD falls as renewed war risks lift yields and Dollar The yellow metal seems poised […]

Weakness risks persist – MUFG

Weakness risks persist – MUFG

MUFG’s Lloyd Chan highlights the Indonesian rupiah’s continued vulnerability as USD/IDR moved back above 18,000 amid renewed Middle East tensions and elevated US yields. Although attractive government bond and SRBI yields have supported foreign inflows into the bond market, persistent net foreign equity outflows leave the balance of risks tilted toward further rupiah weakness. External […]

Rate hike support from exports and inflation – DBS

Rate hike support from exports and inflation – DBS

DBS economists Radhika Rao and Mo Ji expect the Bank of Korea (BoK) to raise its base rate to 2.75% from 2.50% in July, citing persistent CPI inflation above 3% and resilient growth. They highlight robust exports and investment linked to the AI (Artificial intelligence) boom and note that Korean Won weakness and portfolio outflows […]