Latest news with #VanHaTrinh
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Gold Edges Higher, Supported by Fed Rate-Cut Hopes
2340 GMT — Gold edges higher in early Asian trade, supported by hopes for Fed rate cuts that would underpin the allure of the non-interest-bearing precious metal. U.S. data released overnight showed ISM services-sector index dropped to 50.1 in July, below economists' expectations for a 51.2 reading. Gold may stay supported by increasingly dovish monetary policy expectations, Exness's Van Ha Trinh says in an email. Investors will probably continue to watch U.S. economic data for hints on the direction of the economy, the financial markets strategist adds. Spot gold is 0.1% higher at $3,382.62/oz. (
Wall Street Journal
02-07-2025
- Business
- Wall Street Journal
Gold Steady, Underpinned by U.S. Fiscal-Deficit Concerns
2341 GMT — Gold is steady in the early Asian session, underpinned by concerns over the U.S. fiscal deficit. The U.S. Senate passed President Trump's tax-and-spending megabill on Tuesday, with the bill now returning to the House of Representatives. The 'bill is expected to widen the deficit by US$3.3 trillion over the next decade,' Exness' Van Ha Trinh says in an email. 'At the same time, uncertainty surrounding global trade persists,' the financial markets strategist says. The precious metal could be supported by increasing investors' worries and uncertainty, the strategist adds. Spot gold is steady at $3,339.49/oz. (
