Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.
Gold (XAU/USD) accelerated its recovery on a holiday-thinned session on Friday, with markets in Japan and China closed for the New Year festivities. The precious metal is 1.75% up on the day, reaching levels near $4,400, after bouncing from $4,274 earlier this week. A combination of market expectations of lower interest rates in the US and growing geopolitical frictions…
TL;DR summary, and note there is AUD risk in this news: China will impose a 55% tariff on beef imports exceeding newly set quotas from January 1, 2026, under a three-year safeguard regime. The 2026 total import quota is set at 2.7 million tonnes, broadly in line with 2024 imports but below 2025 shipment levels for key suppliers. Brazil…
EUR/USD extends losses on Friday’s European session, trading near 1.1720 heading into the US trading session, down from highs past 1.1800 in late December. The disappointing manufacturing activity figures in the Eurozone and some of its main economies have increased bearish pressure on the Euro, in an otherwise calm New Year’s session. From a wider perspective, however, the pair…
The US launched military operations in Venezuela and captured President Nicolas Maduro and his wife. Images from the country showed multiple strikes and fires. US President Trump announced that Madura was captured. An executive from state oil company PDVSA said the La Guaira port was severely damaged but that oil facilities were unscathed. Trump We will wait to hear…
United States (US) President Donald Trump has fulfilled his threats and finally struck Venezuela. Different media reports that explosions in Caracas began around 1:50 am local time on Saturday, leaving multiple areas of the city without power. As the day unfolded, Venezuelan Vice President Delcy Rodriguez stated the government was unaware of President Maduro and his wife’s location. Finally,…
Global broker STARTRADER is unveiling a refreshed look and feel as part of its brand repositioning. Since its establishment, the company has been focused on strengthening the trust it has built with clients, partners, and institutional businesses. The repositioning will be reflected in the brand’s visual identity. To align with the newly introduced tagline, “Built on Trust. Driven by…
Brazil S&P Global Manufacturing PMI: 47.6 (December) vs previous 48.8
Happy New Year, everyone! I hope you’re all still enjoying the holiday break as markets are still more or less sidelined until next week. That is when activity and liquidity will slowly pick back up after the rest period from Christmas to the new year. As such, there aren’t any major expiries to take note of today with a…
Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.
