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Gold prices have seen whipsaw price action today in light of US inflation data and ongoing tariff developments. The precious metal did take out yesterday’s low and continues to edge lower, but whipsaw price action as short while ago saw Gold return to the $3350/oz handle. US CPI Inflation Data The US Consumer Price Inflation […]

The post Gold’s (XAU/USD) Recovers to $3350/oz After Mixed CPI Reaction. What Next? appeared first on Action Forex.

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Tariffs, Gold, Chips, and Inflation

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30/01/2025

FOMC on Hold and In No Hurry to Cut Further

Summary As universally expected, the FOMC decided at its policy meeting today to keep rates unchanged. The decision to maintain the target range for the federal funds rate at 4.25%–4.50% was universally supported by all 12 voting members of the FOMC. The post-meeting statement continued to describe the pace of economic activity as “solid.” It […]
02/04/2025

Today’s (Thin) Eco Calendar Obviously Loses Relevance in Anticipation of Tariff Announcement

Markets Markets remained hesitant throughout European dealings yesterday even as stock markets staged a(n initially) modest comeback. Core bonds continued to excel with April EMU CPI figures strengthening the case for a final 25 bps ECB rate cut (to 2.25%) on April 17 before installing a long pause. Headline and core inflation rose by 0.6% […]
07/10/2024

USD/JPY Soars as Rate Hike Hopes Chilled

The yen has stabilized after massive losses last week. In the North American session, the USD/JPY is trading at 148.03 at the time of writing, up 0.45%. Ishiba’s U-turn sends yen reeling The yen is coming off a spectacularly bad week with a 4.5% decline. This marked the yen’s worst week since 2020, during the […]