Latest news with #U.S.DollarIndex
See - Sada Elbalad
2 hours ago
- Business
- See - Sada Elbalad
Gold Fluctuates Between Dollar Strength and Interest Rate Cut Expectations
Waleed Farouk Gold prices saw a slight decline in local markets on Tuesday, mirroring a drop in global spot prices due to a mild rebound in the U.S. dollar and equities, which reduced demand for the safe-haven metal. In local markets, gold prices dropped by EGP 25 compared to Monday's closing levels, with 21-karat gold recording EGP 4,685 per gram. Meanwhile, the global ounce price declined by approximately $28, reaching $3,352. 24-karat gold registered EGP 5,354 per gram, while 18-karat gold reached EGP 4,016 per gram. The 14-karat variety stood at EGP 3,124 per gram, and the gold pound (8 grams of 21k gold) recorded EGP 37,480. This pullback comes after Monday's surge, during which local gold prices climbed by EGP 110, with 21-karat gold starting the day at EGP 4,600 and ending at EGP 4,710. Globally, the ounce price jumped $90—from an opening level of $3,290 to $3,380. The local drop reflects a broader global move as the ounce price, after hitting a four-week high, came under selling pressure for profit-taking amid a dollar rebound and improved risk appetite in financial markets. The U.S. Dollar Index rose by 0.2% to 104.35, regaining part of its recent losses. U.S. equities also posted strong gains, which positively impacted Asian markets and led some investors to temporarily reduce their gold holdings. persistent geopolitical tensions and growing expectations that the U.S. Federal Reserve will cut interest rates in 2025 remain supportive of gold prices, cushioning it from deeper losses despite market headwinds. Forecasts now indicate the possibility of two interest rate cuts by the Fed next year, supported by recent statements from several Fed officials. This strengthens gold's appeal as a hedge against interest rate volatility and inflation. Markets are closely watching a wave of upcoming U.S. economic data this week, including the JOLTS job openings report, the closely watched Non-Farm Payrolls report on Friday, as well as the European Central Bank meeting and weekly jobless claims. On Monday, the Institute for Supply Management (ISM) reported a decline in the manufacturing PMI to 48.5 in May, down from 48.7 in April and below expectations of 49.3. This reflects continued pressure on the U.S. industrial sector. The report also showed stable pricing pressures, with the prices index holding at 69.4. Although gold did not react sharply to the data, the weak manufacturing figures contributed to investor concerns about economic slowdown, providing additional short-term support for the yellow metal. Overall, gold continues to trade in a relatively stable range, caught between opposing forces—on one side, pressure from a stronger dollar and rising equities, and on the other, support from geopolitical risks and expectations of monetary easing. Investor sentiment remains closely tied to upcoming U.S. data, with global markets on high alert. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
Jordan News
7 hours ago
- Business
- Jordan News
Gold Retreats from 4-Week High as Dollar Gains Slightly - Jordan News
Gold Retreats from 4-Week High as Dollar Gains Slightly Gold prices declined on Tuesday, pulling back from their highest level in nearly four weeks, as a slight recovery in the U.S. dollar weighed on the yellow metal. However, ongoing uncertainty surrounding U.S.–China trade talks kept investor caution intact and limited the downside. اضافة اعلان Spot gold fell 0.5% to $3,362.57 per ounce as of 04:29 GMT, after earlier hitting its highest since May 8. U.S. gold futures dipped 0.3% to $3,386.60. Gold had previously jumped about 2.7% in the prior session, marking its strongest daily gain in over three weeks. 'The dollar recovered slightly, and gold fell—so they are moving inversely at this point,' said Brian Lan, Managing Director at GoldSilver Central in Singapore. Despite the dip, gold continues to track global trade developments closely. While there was a minor pullback in investor positions, it wasn't as steep as during previous moments of apparent de-escalation in trade tensions, Lan added. The U.S. Dollar Index also recovered slightly from a six-week low, maintaining its influence on gold pricing. Trade Tensions in Focus: A call between President Donald Trump and Chinese President Xi Jinping is expected this week, according to the White House. The U.S. plans to double tariffs on steel and aluminum imports to 50% on Wednesday, coinciding with the deadline set by the Trump administration for countries to improve their trade offers. The European Commission announced it will present strong arguments this week for the U.S. to reduce or eliminate these tariffs, despite Washington's intention to increase them. Other Precious Metals: Silver: down 1.9% to $34.12/oz Platinum: up 0.1% to $1,064.66/oz Palladium: down 0.1% to $986.10/oz Volatility remains elevated across precious metals markets amid currency shifts and geopolitical developments.
Time of India
10 hours ago
- Business
- Time of India
Silver price jumps by Rs 3,500 in just 2 days. Is a new all-time high in sight soon?
Silver prices have surged sharply over the last two trading sessions, rising by Rs 3,500 to cross the Rs 1 lakh per kilogram mark on the Multi Commodity Exchange (MCX). On Tuesday, silver July contracts touched an intraday high of Rs 1,00,555/kg, while in the previous trading session, the same settled at Rs 1,01,011/kg, up more than 4% in a single day. This was largely driven by a wave of safe-haven buying that also pushed global silver prices to a two-month high. The silver July contracts made a lifetime high of Rs 1,03,704/kg earlier in March this year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo The sharp rally in silver has been fueled by renewed geopolitical and economic concerns, prompting investors to turn to bullion for stability. Rising tensions between Russia and Ukraine, including escalated military activity ahead of peace talks, have heightened global uncertainty. Additionally, market sentiment turned defensive after U.S. President Donald Trump announced plans to double tariffs on steel and aluminium imports, while accusing China of violating a trade truce related to critical minerals. These developments, combined with bearish sentiment in the U.S. Dollar Index and subdued economic confidence, have made silver increasingly attractive as a store of value. Live Events The metal is widely seen as a safe-haven asset during times of geopolitical unrest and monetary policy uncertainty, particularly in low-interest-rate environments. Also read: Crash time is now: Kiyosaki urges dumping 'fake money' for silver, predicts 3x surge Are silver prices heading towards lifetime high soon? Analysts believe that silver may continue its upward trajectory in the near term. Rahul Kalantri, Vice President at Mehta Equities, stated that silver has support at Rs 100,260–99,350 and sees resistance emerging in the range of Rs 1,01,750–1,02,550. Axis Securities echoed a bullish outlook, recommending a buy on MCX Silver above Rs 98,500 with targets of Rs 1,01,500 and Rs 1,03,000, which is near its all-time high. Their technical view suggests a 'sideways to mildly positive bias' despite a bearish crossover on the MACD indicator, with the 20-week SMA acting as a key support during pullbacks. Adding to the momentum, Robert Kiyosaki, author of Rich Dad Poor Dad, described silver as 'the biggest bargain today' and suggested it 'may 3X' by 2025. He emphasized that silver remains 60% below its all-time highs and is still trading around $35 an ounce, presenting what he called the 'biggest bargain today' in the face of a potential crash in global stock, bond, and real estate markets.
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin vs. Gold: The Best Buy Right Now, According to a Wall Street Analyst
The U.S. Dollar Index has declined 8% year to date amid worrisome trade and fiscal policy decisions, so some investors have diversified into gold and Bitcoin. Gold has outperformed Bitcoin by 6 percentage points this year, but JPMorgan analyst Nikolaos Panigirtzoglou expects the opposite outcome in the remaining months of 2025. Bitcoin's price could continue rising this year as more companies and state governments adopt the cryptocurrency as a strategic reserve asset. 10 stocks we like better than Bitcoin › The investment theses for gold and Bitcoin (CRYPTO: BTC) are similar. Both are considered safe-haven assets, at least by some investors, because they exist in finite quantifies. That means gold and Bitcoin become more valuable as demand increases, which theoretically makes them good hedges against weakness in the U.S. dollar and other fiat currencies. Case in point: The U.S. Dollar Index has fallen 8% year to date amid concerns about the Trump administration's trade and fiscal policies. Put differently, the value of U.S. currency has decreased 8% versus a basket of foreign currencies. Meanwhile, gold and Bitcoin prices have surged 24% and 18%, respectively. Importantly, while gold outperformed in the first five months of the year, JPMorgan Chase analyst Nikolaos Panigirtzoglou expects the opposite outcome in the remaining months of 2025. Read on to learn more. Before discussing the pros and cons of gold and Bitcoin, investors should know how to get exposure to both assets. Gold bullion can be purchased through various online retailers, and Bitcoin can be purchased through cryptocurrency exchanges like Coinbase. But direct ownership comes with challenges. For instance, transporting and storing gold tends to be difficult and costly, and selling physical bullion can be complicated. Likewise, Bitcoin transactions on cryptocurrency exchanges often involve high fees, and storage solutions can be a headache. Fortunately, exchange-traded funds (ETFs) eliminate those problems. The SPDR Gold Shares (NYSEMKT: GLD) tracks the spot price of gold. It's the largest gold fund as measured by assets under management, and the most popular in terms of trading volume. It has a somewhat high expense ratio of 0.4%, meaning shareholders will pay $40 annually on every $10,000 invested in the fund. The iShares Bitcoin Trust (NASDAQ: IBIT) tracks the spot price of Bitcoin. It is the largest spot Bitcoin ETF as measured by assets under management, and the most popular in terms of trading volume. Compared to similar funds, the iShares Bitcoin Trust has a middle-of-the-road expense ratio of 0.25%. JPMorgan analysts in a recent note to clients highlighted cryptocurrency-specific catalysts that could lead to Bitcoin outperforming gold in the remaining months of the year. First, several companies have put Bitcoin on their balance sheets, and many plan to add more. The best known of the bunch is Strategy, formerly known as MicroStrategy, which plans to invest $57 billion in Bitcoin through 2027. Second, two states -- Arizona and New Hampshire -- recently enacted laws that establish strategic Bitcoin reserves, and about two dozen others have introduce similar legislation. That positions state governments as potential buyers of Bitcoin. JPMorgan analysts wrote, "As the list grows, with other U.S. states potentially considering adding Bitcoin to their strategic reserves, this could turn into a more sustained positive catalyst for Bitcoin." However, JPMorgan views gold as the more prudent option for risk-averse investors. "In our view, gold may be positioned to offer some protection against further geopolitical risk and dollar weakness," analysts wrote in their mid-year outlook. "We are skeptical that Bitcoin and other crypto assets offer the potential to improve portfolio resilience. Despite their low correlations to traditional assets, crypto assets have historically made portfolios more fragile." Here is the bottom line: Tariffs imposed by the Trump administration are expected to raise prices and slow economic growth. Also, the tax and spending bill that recently passed the House of Representatives would add an estimated $3 trillion to federal debt during the next decade. Those developments have left some investors hesitant about owning U.S. stocks and bonds. So, demand for U.S. currency has declined, causing the dollar to lose value. That trend may or may not intensify in the coming months. But investors concerned about the possibility can hedge against down stock markets and the devaluation of the U.S. dollar by owning gold or Bitcoin. Personally, I think gold is the better option for anyone that cannot tolerate volatility. But I also think Bitcoin can outperform gold (especially in the long run) as more companies and governments adopt the cryptocurrency as a reserve asset. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and JPMorgan Chase. The Motley Fool has a disclosure policy. Bitcoin vs. Gold: The Best Buy Right Now, According to a Wall Street Analyst was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Jordan News
6 days ago
- Business
- Jordan News
The U.S. Dollar Rises Globally - Jordan News
The U.S. Dollar Rises Globally The U.S. dollar rose on Thursday following a court ruling that prevents President Donald Trump from imposing tariffs on imports from other countries. The decision helped ease currency volatility, which has plagued the dollar this year due to ongoing trade uncertainty. اضافة اعلان According to Bloomberg Economics, the U.S. Dollar Index — which measures the performance of the greenback against six major currencies — surpassed the 100 mark for the first time in a week. However, the index remains down 8 percent since the beginning of the year. The dollar rose 0.72% against the yen to 145.86, and 0.63% against the Swiss franc to 0.8326. Meanwhile, the euro fell 0.42% to $1.1245, and the British pound dropped 0.3% to $1.3432. (Petra)
