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Gold at record high: Gold surged to $3,549.66/oz, up 33% in 2025, as investors seek safe-haven assets amid global uncertainty. Fed policy drives momentum: Expectations of U.S. Federal Reserve rate cuts and political interference fears boost precious metals demand. Silver outshines gold: Silver breaks $40/oz for the first time since 2011, up 40% YTD, fueled […]

The post Gold Hits All-Time High Amid Flight to Safety appeared first on Action Forex.

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Australian GDP Beats Estimate, Aussie Edges Higher

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03/04/2025

U.S. Reciprocal Tariffs Spare Canada/Mexico for Now But Trade Risks Remain

The long-awaited U.S. reciprocal tariffs announced have been large and broad-based, but critically exempt Canada and Mexico (at least for now) through CUSMA/USMCA compliant trade. The announcement includes a baseline 10% minimum tariff rate for all countries as of April 5th, but with substantially higher tariff rates imposed on specific countries to follow on April […]
09/09/2024

Could US CPI Tip the Balance in Favour of a 50bps Fed Rate Cut?

Market is digesting last week’s US labour market data The August CPI report could fuel 50bps rate cut expectations Dollar weakness could continue if inflation surprises to the downside The US inflation report will be published at 12:30 GMT on Wednesday Markets are preparing for the first Fed rate cut At the recent Jackson Hole […]
23/09/2024

Nosedive in Eurozone Economic Activity

Preliminary Eurozone PMI estimates sent the EURUSD down 0.67% over the hour, as they were much weaker than expected and increased pressure on the ECB to continue easing monetary policy. This is not the first time that a significant divergence of preliminary PMIs from expectations has become a driver of the European currency market. In […]