Gold prices eased as investors booked profits after prices hit a near two-week high in the previous session, while the market’s focus shifted to U.S. President Donald Trump’s upcoming Federal Reserve nominations.
Gold eases on profit-taking
BlackRock leads record $465M spot Ether ETF exodus
United States spot Ether ETFs recorded almost half a billion dollars in daily net outflows, marking their highest in a single day since launch. This was their second day of outflows since breaking a 20-day inflow streak on Friday.
Wall Street turns negative as economic data, tariff uncertainty weigh
Wall Street’s main indexes swung to losses after data showed U.S. services activity unexpectedly stalled and investors considered the impact of U.S. trade policies on corporate profits.
Oil prices fall as OPEC+ output hikes counter Russia disruption concerns
Oil prices edged lower as rising OPEC+ supply and worries of weaker global demand countered concern about U.S. President Donald Trump’s threats to India over its Russian oil purchases.
US dollar gains after Friday’s slump
The U.S. dollar slightly recovered, consolidating recent moves, after Friday’s trio of market-moving events that showcased the fragility of the greenback: a dismal U.S. jobs report, the resignation of a Federal Reserve Governor, and President Donald Trump’s firing of a top statistics official.
Gold extends gains on US rate cut expectations
Gold prices rose for a third straight session after last week’s economic data fueled expectations of interest rate cuts by the U.S. Federal Reserve. Spot gold rose to it’s highest since July 24th.