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Silver Price Analysis: XAG/USD retreats from weekly highs, falls beneath $32.00

Silver's price retreats after hitting a weekly high of $32.64 and drops below the psychological figure of $32.00 after the release of mixed US jobs data.
New
update2025.02.08 06:00

Gold price climbs amid US-China trade war, post US NFP data

Gold resumed its uptrend on Friday amid the escalation of the trade war between the US and China and a mixed US employment report.
New
update2025.02.08 05:11

US President Donald Trump: We are going to work out the trade deficit with Japan

United States (US) President Donald Trump hit newswires for a second time on Friday, during a news conference with Japanese Prime Minister Shigeru Ishiba.
New
update2025.02.08 05:01

Dow Jones Industrial Average backslides on NFP Friday as consumer sentiment falls

The Dow Jones Industrial Average (DJIA) took a fresh beating on Friday after Nonfarm Payrolls (NFP) missed market forecasts, and the University of Michigan's (UoM) Consumer Sentiment Index showed a sharp downturn in consumers' overall economic outlook.
New
update2025.02.08 03:18

Mexican Peso slides as inflation dips, justifying Banxico's rate cut

The Mexican Peso (MXN) reversed its course and depreciated against the Greenback on Friday after inflation data in Mexico justified the 50 basis points interest rate cut by Banco de Mexico (Banxico) on Thursday.
New
update2025.02.08 03:11

US President Donald Trump: I will announce reciprocal tariffs next week on many countries

United States (US) President Donald Trump hit social media hard on Friday, noting through a series of posts that his plans to execute widespread tariffs on most of the US' trading allies is back on the table as a means of addressing the US' federal deficit.
New
update2025.02.08 02:36

Fed's Kugler: Recent progress on inflation is slow and uneven

Federal Reserve (Fed) Board of Governors member Adriana Kugler noted on Friday that US growth and economic activity remain healthy overall, but noted that progress toward the Fed's inflation goals has been somewhat lopsided.
New
update2025.02.08 02:24

UoM Consumer Sentiment Index drops as inflation fears climb

According to the University of Michigan's (UoM) Consumer Sentiment Index, American consumers are beginning to grow increasingly concerned about US President Donald Trump's approach to economic policy and international trade.
New
update2025.02.08 01:28

Fed's Goolsbee: Will take longer than 2025 to get to neutral policy rate

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit markets on an already-volatile Friday with more bad news, noting that inconsistent policy approaches from the US government cause a high level of economic uncertainty that make it difficult for the Fed to draw a bead on where the economy, and inflation specifically, are likely heading.
New
update2025.02.08 01:16

WTI Price Analysis: Oil prices rise after NFP data

The West Texas Intermediate (WTI) crude oil prices climbed on Friday to around $70.80, buoyed by renewed optimism over energy demand following the latest US labor market report.
New
update2025.02.08 00:57

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