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Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy

Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate cuts. XAU/USD trades at $3,594, up 1.30% at the time of writing.
New
update2025.09.06 02:47

Dow Jones Industrial Average tumbles 250 points as NFP figures dip faster than expected

The Dow Jones Industrial Average (DJIA) sank on Friday, falling nearly 500 points at its lowest after United States (US) Nonfarm Payrolls (NFP) data showed the US added far fewer jobs than expected, pinning expectations of a Federal Reserve (Fed) interest rate cut on September 17.
New
update2025.09.06 02:37

WTI hits three-month low as OPEC+ meeting looms

West Texas Intermediate (WTI) Crude Oil is heading into the weekend under heavy pressure, extending its losing streak to a third straight day as traders brace for the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting on Sunday, September 7.
New
update2025.09.06 02:26

US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility

United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday.
New
update2025.09.06 02:06

US: We now expect a 50bps Fed cut in September - Standard Chartered

August non-farm payrolls rose just 22k, well below the 75k consensus; three-month average is now 29k.
New
update2025.09.06 01:41

AUD/USD jumps to six-week high as weak US NFP cement Fed cut

The AUD/USD rallies to six weeks high of 0.6588 after the latest Nonfarm Payrolls report in the United States (US), had cemented the case that the Federal Reserve would cut rates at the September meeting. The pair trades at 0.6565 up 0.40%
New
update2025.09.06 00:22

Silver consolidates near 14-year high as weak NFP data boosts Fed cut bets

Silver (XAG/USD) is holding firm around $41.00 on Friday after retesting multi-year highs in the wake of soft US Nonfarm Payrolls (NFP) data. The metal peaked at $41.47 on Wednesday, its strongest level since September 2011, before easing slightly on Thursday.
New
update2025.09.05 23:58

USD/CAD steadies near 1.3800 as Canada jobs slump offsets US Dollar weakness

The Canadian Dollar (CAD) weakens on Friday after dismal labor market data, but broad US Dollar (USD) softness following a weak US Nonfarm Payrolls (NFP) report kept USD/CAD's upside in check. The pair is holding near the 1.3800 handle, rebounding from a four-day low in the aftermath of the release.
New
update2025.09.05 22:54

ECB preview: The ECB's rate cut cycle is probably over - ABN AMRO

The Governing Council kept policy on hold in July, and is likely to remain on hold at the September meeting and for the foreseeable future, ABN AMRO's economists Nick Kounis and Bill Divney report.
New
update2025.09.05 22:54

US Dollar Index sinks below 98.00 as Fed rate cut bets pick up pace

The Greenback loses further momentum on Friday, en route to weekly losses.
New
update2025.09.05 22:35

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