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Gold price (XAU/USD) climbs to seven-week highs above $4,325 during the Asian trading hours on Monday. The precious metal extends its upside amid the prospect of interest rate cuts by the US Federal Reserve (Fed) next year. Lower interest rates could reduce the opportunity cost of holding Gold, supporting the non-yielding precious metal. Additionally, uncertainty and the risk-off sentiment could boost the safe-haven flows, benefiting the yellow metal price.Nonetheless, hawkish remarks from Fed officials last week could lift the US Dollar (USD) and weigh on the USD-denominated commodity price. Traders will take more cues from the speeches by Fed Governor Stephen Miran and…

China’s finance ministry said that the government planned to issue ultra-long-term special government bonds in 2026, with proceeds used to support key national strategies and security initiatives, Bloomberg reported on Saturday. The ministry said in a statement that funds will also be directed toward large-scale equipment upgrades and consumer goods trade-in programs. The announcement came after a meeting to implement decisions from the Central Economic Work Conference.Market reactionThe AUD/USD pair is losing 0.05% on the day, trading at 0.6650 at the time of writing. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of…

India’s foreign exchange reserves rose marginally, by $1.033 billion in the week that ended December 5 to $687.260 billion, driven by a jump in gold reserves, the Reserve Bank of India’s latest ‘Weekly Statistical Supplement’ data showed. Over the past few weeks, the forex kitty has been largely in a downtrend, except for a few. Still, the country’s foreign exchange (forex) kitty is hovering close to its all-time high of $704.89 billion, reached in September 2024. For the reported week (that ended December 5), India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at $556.880 billion,…

In an interview with the Wall Street Journal, the US President Donald Trump revealed that he is leaning on former Fed Governor Kevin Warsh and also on the National Economic Council Director Kevin Hassett to lead the Federal Reserve since May 2026.When asked if Kevin Warsh was at the top of the list Trump said “Yes, I think he is. I think you have Kevin and Kevin. They’re both—I think the two Kevins are great,” he said. “I think there are a couple of other people that are great.”The article mentioned that Warsh was grilled over a 45 minute meeting…

Silver prices plunges after hitting an all-time high (ATH) of $64.65 losses 2.75% as investors book profits ahead of the weekend, as Federal Reserve officials remain divided about future monetary policy meetings. At the time of writing, XAG/USD trades at $61.84.XAG/USD Price Forecast: Technical outlookThe grey metal remains upward biased but in the short-term could be headed for a retracement. Price action shows the formation of a ‘bearish engulfing’ candle chart pattern, an indication that sellers outweigh buyers. Nevertheless, there are signs of a potential negative divergence as the Relative Strength Index (RSI) it reaches a lower peak while the…

Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.Bullion trims gains ahead of the weekend, but remains supported by Fed uncertainty, weak dataThe US economic docket was light, yet Federal Reserve officials crossed the wires. Two of the three dissenters expressed concerns about inflation remaining too high, specifically amid a period of scarce economic data, particularly the Consumer Price Index (CPI),…

The Dow Jones Industrial Average (DJIA) retreated from record intraday highs on Friday alongside its major index peers as investors continued rotating out of technology and into value-oriented sectors. The Dow briefly hit a new intraday record before pulling back 0.30%. Despite some deflation in the US tech space in the back half of the trading week, the Dow is on pace to finish the week on a high note, up 1.26% from Monday’s initial bids.The S&P 500 (SP500) fell 0.8%, and the Nasdaq also dropped 1.3%, weighed down by a sharp 10% decline in Broadcom (AVGO) following concerns about…

The Australian Dollar (AUD) holds firm against the US Dollar (USD) on Friday as traders look past this week’s Reserve Bank of Australia and Federal Reserve (Fed) monetary policy announcements and reassess the near-term interest-rate outlook. At the time of writing, AUD/USD is trading around 0.6656, stabilising after a short-lived dip toward 0.6632.The Reserve Bank of Australia (RBA) held its cash rate steady at 3.60%, marking a third consecutive pause while signalling a cautious, data-dependent stance amid lingering inflation risks. By contrast, the Federal Reserve delivered a 25 basis point (bps) rate cut, lowering the Federal Funds Rate to the…

EUR/USD holds firm at around 1.1741 on Friday, virtually unchanged, amid a parade of Federal Reserve (Fed) officials crossing the wires, following last Wednesday’s 25 basis points rate cut.EUR/USD tilted to the upside despite hawkish Fed comments tempering dovish expectationsDespite cutting rates, the Fed hinted that it would pause its easing cycle, entering a wait-and-see period as it digests delayed economic data due to the US government shutdown.In the meantime, Cleveland Fed Beth Hammack was hawkish, saying that “price pressures have been too high,” adding the Fed’s commitment to achieve inflation 2% goal. She added that the Fed decision was…

The Pound Sterling (GBP) remains under pressure heading into 2026 amid flat UK growth and the Bank of England’s ongoing easing cycle. Political uncertainties and ECB rate expectations support a gradual rise in EUR/GBP, projected to reach 0.89 over the next six months, Rabobank’s FX analyst Jane Foley reports.UK growth flatlines as BoE easing persists”Despite the relief that followed the UK’s November budget, the pound still faces headwinds into 2026. UK growth appears to be flatlining and the BoE is now in a minority of G10 central banks considered by the market to be still in the throes of its…