June 9, 2025
Gold falls over 1% as strong US jobs data clouds outlook for rate cuts
Gold prices slipped more than 1% on Friday after a stronger-than-expected U.S. jobs report dampened hopes for imminent Federal Reserve rate cuts this year, while silver soared to its highest level since 2012. The Gold-Dollar pair plummeted 1.3% in the last session. The Stochastic indicator is giving a positive signal.Support: 3217 | Resistance: 3423.7
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June 6, 2025
Weekly jobless claims hit seven-month high; imports post record decline
The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labor market conditions amid mounting economic headwinds from tariffs.
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June 6, 2025
Silver on 13-year high
Safe-haven gold reversed course to fall after U.S. President Donald Trump and Chinese leader Xi Jinping agreed to further talks to settle trade disputes, while silver breached the key $35 level to reach a 13-year high. The Silver-Dollar pair gained 0.6% in the last session after rising as much as 1.0% during the session. The […]
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June 6, 2025
Tesla shares down as growing Trump-Musk spat rattles investors
Cracks in the relationship between President Donald Trump and Tesla CEO Elon Musk, his self-proclaimed “First Buddy”, are scaring Tesla shareholders as the two fired salvos at each other in increasingly heated rhetoric, sending shares down
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June 5, 2025
Safe-haven gold rises on weak data, simmering uncertainty
Gold rose 1%, supported by a softer dollar and weak U.S. data, as investors grappled with mounting economic and political uncertainty. The U.S. dollar index fell 0.5%, making gold cheaper for buyers holding other currencies. The Gold-Dollar pair gained 0.4% in the last session. The ROC’s is giving a negative signal.Support: 3307.9 | Resistance: 3430.2
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June 5, 2025
Dollar falls; Trump calls for rate cut
The dollar fell across the board after weaker-than-expected U.S. private payrolls numbers highlighted continued easing in the labor market and data showed the U.S. services sector contracted. Trump reiterated his calls for Federal Reserve Chair Jerome Powell to lower interest rates following the data.
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