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The DXY is currently around 104.05 and continues to remain subdued after retracing from its recent peak over an 11-week period. The expected rate of return and inflation rate forecasts are showing a weaker trend. However, economic data is the main reason for the dollar's depreciation. Even though Jack Sams-Holmes didn't have any surprising remarks, economic...

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The late release of European data is at least worrisome as last week's PMI data actually stoked fears of a recession as rate hikes start to take their toll on the economy. PMI data shows a slowdown in many areas while input costs show signs of accelerating. The increase in price pressure leaves the Euro Area vulnerable to further rate hikes, which will inevitably...

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Gold price today increased again thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, slipped 104 points, increasing the attractiveness of gold to buyers holding other currencies. A recent report shows that hedge funds are stepping up the liquidation of their bullish gold bets and increasing...

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World gold price this morning tended to increase with spot gold increasing by 0.7 USD compared to last week's closing level to 1,915.5 USD/ounce. Last week, gold posted modest gains and ended a four-week losing streak. Gold remains resilient despite US Federal Reserve Chairman Jerome Powell signaling on Friday that the central bank will maintain its 2% inflation...

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According to CoinDesk, the bitcoin price recorded on August 28 reached $26,040/BTC, down 0.09% from 24 hours ago. Thus, the bitcoin price has maintained at around $26,000 for four consecutive days. As of August 28, out of the 100 coins with the largest market capitalization, 60 dong rose in value. On this list, the strongest gainer belongs to dYdX (DYDX), which...

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The initial profit-taking on Wall Street quickly rebounded overnight, driven by the standout performance of Nvidia, which spurred selling activity in the market as participants reduced risk ahead of tonight's special speech by Federal Reserve Chairman Jerome Powell at Jackson Hole. There is no doubt that the Fed's policy trajectory will be a primary driver for...

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Global gold prices were stable this morning, with the spot gold price rising $0.9 to $1,916.3 an ounce. Gold futures are trading at $1,948.1 an ounce in December, down $1 from the early hours of yesterday. The gold market was quiet and did little to react to the better-than-expected employment data released on the evening of August 24. The latest Labor Department...

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The dollar fell against Asian currencies on Thursday, after weaker-than-expected global economic data hurt the interest rate outlook and pushed US bond yields lower ahead of the symposium. Jackson Hole of the Federal Reserve British factory output tumbled, sending the economy into recession and sending sterling plunging in a round-trip that ended at an initial...

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Gold prices rose slightly above $1,900, supported by sluggish US Treasury Interest ahead of the Jackson Hole Conference of Economists. Gold prices rose slightly to levels above $1,900, supported by sluggish US Treasury yields ahead of the Jackson Hole Economic Symposium. Analysts warn that Powell could signal an era of higher US interest rates, especially as...

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Downbeat US manufacturing and services PMI on Wednesday triggered a material slide in the US dollar globally, even as Euro area and UK factory output contracted. The outsized response to otherwise not-so-bad (single set of) data -- at least in terms of levels of the PMIs compared with its peers – is a reflection of the broader mood. This is especially true given...

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The Euro has increased slightly today. Today (August 23), a series of preliminary August PMI data in the euro area will be released including manufacturing sectors in a severe recession and jobs in the service sector. The slowdown is also signaling weak Eurozone growth in Q3. While the European Bank of China (ECB) remains largely focused on the task of leveraging...

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According to CoinDesk, the Bitcoin price recorded at 7:24 am on August 23 reached 26,092 USD/Bitcoin, down 0.07% compared to 24 hours ago. During the day, the Bitcoin price traded between nearly $26,300 and $26,000. The market capitalization was $1.053 billion, down 0.56% from 24 hours ago. James Butterfill, head of research at wealth management firm CoinShares,...

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The market looks quieter as traders and investors alike turn their attention to the Federal Reserve's (Fed) annual economic symposium to be held this weekend in St. Jackson Hole, Wyoming. All are waiting for Fed Chairman Jerome Powell's speech for clues on the interest rate outlook. Despite recent selling pressure, analysts note that the gold market is resilient...

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The euro fell slightly today. Eurozone and UK on Wednesday (August 23) PMI data that could reveal whether the European Central Bank (ECB) will raise rates again in September and whether the Bank of England (BOE) will do so will be announced. Interest rates continue to rise sharply. Purchasing Managers' Indexes (PMIs) in the eurozone and the UK have fallen in...

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Global gold prices edged higher this morning, with the spot gold price rising $2.7 to $1,894.3 an ounce. December gold futures are trading at $1,923.7 an ounce, up $0.7 from yesterday morning. Global gold was still trading at its lowest level in five months in the first session of the week. While the technical charts are still trending downward, bullion price...

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As Bitcoin falls, the top 10 coins by market cap diverge. Specifically: ETH up 0.58%, XRP up 3.6%, ADA up 0.75%...Losers included BNB down 0.19%, DOGE down 0.2%, SOL down 0.8%... Bitcoin, the largest cryptocurrency by market capitalization, posted its biggest weekly loss since the FTX exchange crash last November. In the August 17th trading before the drop,...

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Bitcoin currently has a market capitalization of $509 billion, accounting for 48% of the cryptocurrency market. As of 7:50 a.m., the market cap was $1.62 trillion, up $4 billion from 24 hours ago. At the same time, the market's 24-hour trading volume decreased by 11.37% compared to August 20, reaching $21.84 billion. How China's Deflation Affects Bitcoin...

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According to Kitco News' latest weekly gold survey, Wall Street analysts see a significant drop in gold prices in the near term. Investors expect the Fed to keep rates in the 5.25%-5.5% range through 2024. Ricardo Evangelista, senior analyst at ActivTrades said that in the long run, US interest rates will rise, supporting the dollar. This is bad news for precious...