Gold slides on Fed rate hike bets and rising yields
XAU/USD extends its decline as Fed rate hike bets mount after hawkish remarks while bond yields continue to rise, creating an unfavourable environment for non-yielding assets.
XAU/USD extends its decline as Fed rate hike bets mount after hawkish remarks while bond yields continue to rise, creating an unfavourable environment for non-yielding assets.
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Markets balance geopolitical hopes and Fed tightening as oil and gold face pressure, the dollar strengthens and AI fuels equities.
USOIL slides for a sixth straight day on optimism for a diplomatic breakthrough, but macro-geopolitical risks linger.
USD/JPY is cautious as markets monitor intervention risks following its best week in almost a year after the Fed outhawked its Japanese counterpart.
FX intervention and shifting monetary policy dynamics push the pair lower, but now is the moment of truth for its path as the BoJ and the Fed decide on rates.
SPX500 maintains its upside bias but its trajectory will be shaped by key events this week, including Oracle earnings, oil prices, the CPI print and the deficit update.
After its best week since July, USOIL rises again today after the US struck Iranian tankers following attacks on its warships, raising escalation fears.
Tesla launched its purpose-build the Cybercab in a closed-door event, leaving major questions unanswered regarding the rollout, regulatory compliance, and whether it will be sold to the public.
The pair declines after the central bank of New Zealand raised rates for a second straight time but offered dovish guidance.
XAU/USD extends its decline after Fed Chair Warsh offered hawkish signals in his Jackson Hole debut, with markets now pricing in a September hike.
Shares of Salesforce jumped after strong revenue guidance which, alongside a deepening Anthropic partnership, helped mitigate SaaSpocalypse worries - but AI disruption risks do not go away.
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