Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report showing the labor market is far from crumbling amid big trade policy changes only cements that stance. U.S. President Donald Trump ratcheted up his calls for rate cuts.
Crude rose more than $1 a barrel on Friday, posting its first weekly gain in three weeks after a favorable U.S. jobs report and resumed trade talks between the U.S. and China, raising hopes for growth in the world’s two largest economies.
After a 3.0% dip during the last session, the Oil-Dollar pair closed 2.3% in the green. The Stochastic-RSI is giving a positive signal.
Support: 60.926 | Resistance: 66.655
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
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.
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 MACD is giving a positive signal.
Support: 35.019 | Resistance: 36.912
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
