Economic News Category

Gold Price Rises to New Daily High Amid Weaker Risk Appetite, Upside Appears Capped Gold prices have seen an uptick, reaching a new daily high as a cautious mood in the market tempers risk appetite, suggesting a limited potential for further increases. On Thursday, gold (XAU/USD) halted its pullback from highs around the $1,975-1.976 mark

AUD Rebounds Before US Economic Reports The Australian Dollar (AUD) experienced a resurgence, stabilizing around the key threshold of 0.6500 amidst global market movements on Wednesday. This stability comes after Tuesday’s release of the US Consumer Price Index (CPI) data, which revealed a sharper slowdown in US inflation than forecasted, prompting a considerable drop in

Australia and New Zealand Projected to Have Sub-3% Inflation by 2024 Goldman Sachs Group Inc. foresees a downward trend in inflation for Australia and New Zealand, anticipating it will drop slightly below 3% by the latter part of 2024. This projection aligns with the goals of the respective central banks and suggests a possible environment

Japan’s Wholesale Inflation Eases, Signaling Reduced Cost Pressures In a notable economic development, Japan’s wholesale inflation rate has decelerated to below 1% for the first time in over two and a half years, according to recent data. This deceleration is a clear indication that the inflationary pressures, which have been pushing up the prices of

Australian and New Zealand Currencies Endure a Tough Week as Rate Hike Expectations Offer Minimal Relief Throughout the week, the Australian and New Zealand dollars have been on a downward trajectory, marking their fifth consecutive session of losses on Friday. The downtrend has been exacerbated by a surge in U.S. Treasury yields, which has put