Gold and Silver Rise to Records on Greenland Tariff War / Iran War Fears; Trump Projects Greenland Acquisition, Heads to Davos for EU Meetings; Stock Markets Trading Lower, S&P 500 Index Stabilizes at 1-Month Low
The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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Gold and Silver Rise to Records on Greenland Tariff War / Iran War Fears; Trump Imposes New Tariff on Several European Nations on Greenland, Question of EU Pushback; Stock Markets Trading Lower, S&P 500 Index Nears 1-Month Low; Bitcoin Falling
Trump Claims Killings and Executions in Iran Seem to Have Halted, Crude Oil, Energies, & Silver Fall Sharply; Japanese Yen Regains Some Strength
Iran Blackout Continues, Reports of Massacres Emerging; Trump Seen Likely to Hit Iran Within Week, WTI Crude Oil Hits 2-Month High; US CPI Unchanged at 2.7%; Gold Touches $4,634, Silver $91.57; S&P 500 Index Briefly Touches All-Time High Near 7,000; Japanese Yen Reaches 18-Month Low on Snap Election Rumour
The US consumer price index (CPI) climbed 2.7% year-on-year in December, unchanged from November and matching the market estimate.
US CPI Expected Unchanged at 2.7%; Gold Touches $4,630, Silver $86.35; S&P 500 Index Prints All-Time High Near 7,000; Japanese Yen Reaches 18-Month Low on Snap Election Rumour; Iran Blackout Continues, Reports of Massacres Emerging; Trump Threatens Intervention, But Nothing Yet
Gold Touches $4,600, Silver >5%, Other Metals >2%; Iran Blackout Continues, Reports of Heavy Clashes; Trump Threatens Intervention, Many Analysts See Ayatollah Regime Finished; Stock Markets Mixed
Swiss Inflation; S&P 500 Index Briefly Makes New Record; Metals Lose Ground; President Trump Calls for Doubling Defense Spending; US Non-Farms as Expected
Australia’s consumer price index (CPI) eased to 3.4% year-on-year in November. This was sharply lower than the 3.8% gain in October and well below the market estimate of 3.7%.
Bonuses & Promotions
Australian CPI Lowers to 3.4% from 3.8%, Aussie Rises Firmly; Both Precious and Industrial Metals Saw Further Gains Yesterday; Stock Markets Slip
Both Precious and Industrial Metals See Firm Rises; Stock Markets Higher, Led by Asia
Crude Oil Moderately Lower on Trump Venezuela Optimism; Trump Threatens Colombia, Cuba, Greenland; BoJ Makes Hike Threat to Prop Up Yen; US Dollar Stronger; Precious Metals, Stocks Get Bump
The Federal Reserve released on Tuesday the minutes of the Federal Open Market Committee (FOMC) meeting earlier this month. At the meeting, the FOMC voted to lower rates by 25 basis points to a range of 3.5%-3.75%, its lowest level since September 2022.
Sharp Falls in Precious Metals Resume; Stocks in Orderly Decline; FOMC Minutes Show Fed Divided on Rate Cuts Scope; US Dollar Gains; South African Rand Hits 3-Year High; Iranian Rial Reaches Record Low
Sharp Drops in Minor Precious Metals Yesterday: Silver <-9%, Platinum <-13%, Palladium <-16%, Potential Trend End; Gold Drops Moderately; All Precious Metals Make Minor Recoveries Today