Gold Holds Near Three-Month High as Traders Weigh Treasury Moves
Gold prices lingered close to a three‑month peak while market participants evaluated the US Treasury’s unexpected bond‑market action and its repercussions for fiscal policy.
Gold prices lingered close to a three‑month peak while market participants evaluated the US Treasury’s unexpected bond‑market action and its repercussions for fiscal policy.
Gold may climb to $5,000 per ounce as central banks continue buying, fiscal uncertainties and geopolitical tensions keep the medium‑term outlook optimistic, analysts note.
The Mexican peso defends recent gains against a rallying U.S. dollar, staying near its lowest 2024 level as inflation rises and new U.S. sanctions on Iran shape market dynamics.
The Australian dollar edged up, surpassing the 0.7150 threshold as market participants weighed worries over the U.S. Treasury buyback program.
The euro has stayed flat against the U.S. dollar as the United States maintains its debt strategy, keeping the currency pair unchanged.
Bloomberg’s coverage of the Jackson Hole symposium highlights the forthcoming speech by Fed Chair Kevin Marsh, offering insights into how the event could shape global currency markets.
Tesla's stock rose sharply following regulatory approval to launch its robotaxi service in Las Vegas, with plans to roll out the Cybercab in Austin and deploy thousands of units across Nevada.
President Trump’s remarks about regulating the high‑leverage decentralized exchange Hyperliquid triggered a wave of call‑option activity and a 30% rally in the parent company’s shares, while other crypto‑related stocks and ETFs also reacted to the buzz.
Wheat futures slipped across all exchanges this Friday, with new USDA export data and a lower Russian crop forecast adding pressure to the market.
JPMorgan’s Rajat Gupta reports Tesla is repurposing its Fremont assembly lines to build the Optimus humanoid robot, with first units slated for 2026 and potential sales by 2027.
The Japanese yen has slid again, allowing the US dollar to climb above 159.00 against it after a sharp fall earlier this month. With US Treasury yields rising and oil prices high, traders are watching whether the pair can break the 160.00 psychological barrier or retreat to support near 157.50.
Japan’s June industrial orders rose sharply, Berkshire Hathaway’s AI exposure hit 34.7%, and oil prices edged toward three‑week peaks as geopolitical strains affect shipping routes.
Crude rose in early Asian trading after reports of no progress in U.S. and Iran talks aimed at reopening the Strait of Hormuz, a crucial oil shipping lane.
UK betting exchange Smarkets is simultaneously seeking a CFTC license and state sportsbook permits in the U.S., citing legal uncertainty over federal preemption and the growing role of sports contracts in its trading volume.
Dubai‑based exchange Bybit has introduced USDT‑settled pre‑IPO perpetual contracts for robotics firm Unitree and AI startup Moonshot AI, adding to its growing TradFi lineup of over 200 products.
Gold prices lingered close to a three‑month peak while market participants evaluated the US Treasury’s unexpected bond‑market action and its repercussions for fiscal policy.
Gold may climb to $5,000 per ounce as central banks continue buying, fiscal uncertainties and geopolitical tensions keep the medium‑term outlook optimistic, analysts note.
The Mexican peso defends recent gains against a rallying U.S. dollar, staying near its lowest 2024 level as inflation rises and new U.S. sanctions on Iran shape market dynamics.
President Trump’s remarks about regulating the high‑leverage decentralized exchange Hyperliquid triggered a wave of call‑option activity and a 30% rally in the parent company’s shares, while other crypto‑related stocks and ETFs also reacted to the buzz.
Ethereum has remained in a consolidation phase, with on‑chain wallet activity and exchange‑traded fund flows indicating a cautious stance among traders, while technical indicators point to a mild bullish bias but potential resistance ahead.
The Irish government has released its first national AML/CFT strategy, adding stricter rules on private wallet transfers, overseas crypto firms and gambling funding, and setting a timetable to introduce industry standards by 2027.
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JPMorgan’s Rajat Gupta reports Tesla is repurposing its Fremont assembly lines to build the Optimus humanoid robot, with first units slated for 2026 and potential sales by 2027.
Stock
Tesla's stock rose sharply following regulatory approval to launch its robotaxi service in Las Vegas, with plans to roll out the Cybercab in Austin and deploy thousands of units across Nevada.
Stock
WTI and gasoline futures rose sharply as Middle‑East supply worries intensified, the dollar weakened, and new data on inventories and production added to market volatility.
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U.S. equity index futures showed minimal movement on Sunday following a subdued week on Wall Street, with investors looking for clues from the Federal Reserve on future interest‑rate policy.
Indicative FX reference rates against the US dollar. · Updated 25 Aug, 00:02 UTC