Gold Slips as Hawkish Fed Minutes, Stronger USD and Peace Hopes Weigh on Safe-Haven Demand
Gold (XAU/USD) came under renewed selling pressure during Thursday’s Asian session, struggling to extend its rebound from a three-week low. The yellow metal remains weighed down by a firmer US Dollar after the Federal Reserve’s July 30–31 meeting minutes signaled that officials remain more concerned about inflation than the labor market. The hawkish tone has […]
EUR/USD Holds Losses Near 1.1650 Ahead of Key Eurozone PMI Data
The EUR/USD pair remains under pressure, trading around 1.1640 during Thursday’s Asian session after modest gains in the previous day. The Euro weakens against the US Dollar as markets await the release of HCOB Purchasing Managers’ Index (PMI) figures from Germany and the broader Eurozone. Germany’s PMI data is due at 07:30 GMT, with the […]