-
Gold may be stuck but Commerzbank raises price target for silver and PGMs
Gold has managed to hold solid resistance at $3,300 an ounce but is struggling to attract new bullish momentum, as U.S. trade agreements with Japan and Europe have eased trade war concerns. However, while gold may be trading sideways, there is still some value in the broader precious metals market. Due to easing geopolitical tensions, commodity analysts at Commerzbank said that gold will likely remain range-bound until the Federal Reserve provides guidance on future rate cuts. These comments come as the U.S. central bank kicks off its two-day monetary policy meeting. Markets expect the Federal Reserve to maintain its ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | Jul 29, 2025
Gold (XAU/USD) steadies on Tuesday, halting a four-day slide after dipping to a near three-week low around $3,300 on Monday. The slight rebound comes despite a broadly risk-on mood that has kept demand for safe-haven assets subdued. Optimism around easing geopolitical tensions ahead of the August 1 deadline and a renewed push into equities have curbed ...
From fxempire.com | Jul 29, 2025
The resolution of the US-EU trade dispute has pushed gold (XAUUSD) prices lower. As market fears of increased uncertainty faded, the safe-haven demand for gold dropped. The gold price has fallen by more than $100 after reaching a peak of $3450. A stronger US Dollar added pressure on gold. As the US Dollar appreciated significantly, it reduced gold’s appeal ...
The number of job openings was little changed at 7.4 million in June, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.2 million and 5.1 million, respectively. Within separations, quits (3.1 million) were little changed while layoffs and discharges (1.6 million) were unchanged. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job openings include all positions that are open on the last business day of the month. Hires and separations include all changes to the payroll during the entire month. Job Openings The number and rate of job openings were little changed at 7.4 million and 4.4 percent, respectively, in June. The number of job openings decreased in accommodation and food services (-308,000), health care and social assistance (-244,000), and finance and insurance (-142,000). The number of job openings increased in retail trade (+190,000), information (+67,000), and state and local government education (+61,000). (See table 1.) Hires In June, the number and rate of hires were little changed at 5.2 million and 3.3 percent, respectively. The number of hires decreased in arts, e - Prior month revised to 7.712m from 7.769m - Job openings rate was 4.4% in June vs 4.6% prior - 3.142m people quit a job in June vs 3.27m prior - Quits rate at 2% vs 2% - 1.604m workers were fired or laid off in June vs 1.611m prior - Layoffs and discharges rate at 1% vs 1%
