Market News

DXY Trading Above Former Resistance, but Price Action Unclear, USD/JPY Retests Last Week's High; Precious Metal Remain Volatile; Crude Oil Gains; Stock Markets Mixed

Precious Metals Fall Dramatically from Record Highs, but Gold and Silver Find Support; Stocks Mostly Higher, Major US Indices Close to All-Time Highs; New Japanese PM Vows Stimulus Package

Tuesday’s Canadian CPI data marked the first time in six months that inflation has exceeded the Bank of Canada’s (BoC) target of 2%.

Precious Metals Regain Ground, Gold Makes All-Time High; Stocks Mostly Higher, Major US Indices Close to Highs on Earnings Optimism; Trump Optimistic on China Trade Deal

MSCI Asia Rises Powerfully to New All-Time High, Nikkei 225 >3% Higher, KOSPI Rises Strongly; Precious Metals Regain Some Ground; Trump Hints at China Tariff Compromise

Precious Metals on a Tear - Gold Trades at Record High Above $4,242, Silver Above $53.00, Palladium Also Reaches Long-Term High; Stock Markets Continue Weak Recovery on Trump "Trade War" Comment

Risk Assets Rise as Fed Chair Hints October Rate Cut; Precious Metals on a Tear - Gold Trades at All-Time High Above $4,187, Silver Above $52.30, Palladium and Platinum Also Gain; Stock Markets Continue Recovery; US Treasury Yields Near Lows

Summary: After President Trump signaled openness to a deal with China with optimism, stock markets rebounded strongly from Friday's sharp lows, with precious metals also benefiting strongly.

Precious Metals on a Tear - Gold Trades at All-Time High Above $4,059, Silver Retests Record High, Palladium Makes Meteoric Gain to 2-Year High, Platinum Rises to 12-Year High; Global Stock Markets Mostly Bullish, S&P 500, NASDAQ 100, DAX 30, Nikkei 225 All Reach Record Highs

The Reserve Bank of New Zealand (RBNZ) surprised the markets with a jumbo rate cut of 0.50% on Wednesday. This brought the benchmark interest rate to 2.5%, its lowest level since July 2022. The rate decision has sent the New Zealand Dollar to a 6-month low.

The Reserve Bank of New Zealand (RBNZ) surprised the markets with a jumbo rate cut of 0.50% on Wednesday. This brought the benchmark interest rate to 2.5%, its lowest level since July 2022. The rate decision has sent the New Zealand Dollar to a 6-month low.

Gold Trades at All-Time High Above $4,029; Silver Nears New 14-Year High; Precious Metals Platinum, Palladium Reach Multi-Year Highs; Reserve Bank of New Zealand Surprises With 0.50% Rate Cut; USD/JPY Breaks to New 50-Day High; Fed to Release FOMC Minutes Today; Global Stock Markets Mostly Bullish, US Indices Near Record Highs

Precious metals, notably Gold, continue to rise strongly, as Gold reaches record highs and heads towards $4,000.