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Gold has added almost 30% during 2024 Fed policy could continue to impact the precious metal in 2025 Geopolitical tensions tend to drive the safe haven higher 2025 could be another bright year for gold A spectacular year for the precious metal It’s been  a phenomenal year for gold, with prices rising by almost 30% and hitting numerous new all-time highs. Geopolitical uncertainties and the US presidential elections drove prices to a peak […]

The post Year Ahead – Gold’s Golden Year: Will It Shine Even Brighter in 2025? appeared first on Action Forex.

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Swiss National Bank Cuts by Half-Point, Swissy Dips

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27/11/2024

Sunset Market Commentary

Markets “I would warn against moving too far, that is into accommodative”. ECB Executive Board member Schnabel broke ranks with the dovish current inside the central bank in place since this summer. Given the inflation outlook, Schnabel thinks that the ECB can gradually move toward neutral if incoming data continue to confirm the ECB’s baseline […]
13/06/2024

Dollar Pared Some of Sharp Losses in Wake of Fed

Markets The Fed kept the policy rate unchanged at 5.25-5.5% yesterday. The expected decision was accompanied by a statement that mentioned “modest” further progress towards the 2% inflation objective instead of the “lack” of it in the May edition. It’s the only change and feels like a post-CPI addition. The dot plot entailed bigger changes […]
09/03/2024

Will US CPI Data Come to Dollar’s Rescue?

Weak ISM PMIs and dovish Powell hurt the dollar Investors add to their June rate cut bets US CPI data the next test for the greenback The data is scheduled for Tuesday at 12:30 GMT After Powell’s testimony, investors see June cut a done deal There has been a notable repricing in market expectations with […]