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Monthly Archives: July 2025
Gold prices in Saudi Arabia remained stable and largely unchanged throughout the day.
Written on July 2, 2025 at 10:23 am, by davin
Gold prices in Saudi Arabia are stable, with a gram priced at SAR 402.77 and a tola at SAR 4,697.83. Market activity is subdued, indicating a wait-and-see sentiment among traders. – vtmarketsmy.com
The PBOC sets the yuan midpoint at 7.1546, resulting in a net drain of 266.8 billion yuan.
Written on July 2, 2025 at 10:22 am, by davin
The PBOC is managing the yuan’s liquidity carefully, injecting 98.5 billion yuan while facing a net drain of 266.8 billion yuan, signaling a cautious approach to market stability. – vtmarketsmy.com
Gold prices in the Philippines remain steady today, showing little movement based on recent data.
Written on July 2, 2025 at 10:22 am, by davin
Gold prices in the Philippines stabilized at 6,050.44 PHP per gram, influenced by global market forces and US Dollar fluctuations, highlighting gold’s role as a safe haven amid economic uncertainty. – vtmarketsmy.com
Increase in August output by 411,000 bpd expected at upcoming OPEC+ meeting
Written on July 2, 2025 at 9:22 am, by davin
OPEC+ plans to raise oil output by 411,000 barrels per day on July 6, reflecting a gradual reversal of previous cuts. This steady increase can stabilize prices, minimizing volatility. – vtmarketsmy.com
Gold prices remain stable in the United Arab Emirates today.
Written on July 2, 2025 at 9:21 am, by davin
Gold prices in the UAE remain stable at 394.40 AED per gram as central bank purchases influence market trends. Traders should monitor US economic indicators and interest rate expectations for potential shifts. – vtmarketsmy.com
Bessent, the US Treasury Secretary, expects a Federal Reserve rate cut by September, possibly even sooner.
Written on July 2, 2025 at 9:21 am, by davin
Bessent predicts a Federal Reserve interest rate cut by September amid unclear tariff impacts. Market sentiment is shifting toward easing, with traders adjusting positions in anticipation of monetary policy changes. – vtmarketsmy.com
The USD/CHF pair is trading just above 0.7900, close to its lowest level since September 2011.
Written on July 2, 2025 at 8:22 am, by davin
The USD/CHF currency pair hovers above 0.7900 after hitting lows unseen since 2011. The Swiss Franc’s strength persists due to a hawkish Swiss National Bank and fading USD confidence amid rate-cut expectations. – vtmarketsmy.com
Gold prices in Pakistan remain stable with little variation today, according to available data.
Written on July 2, 2025 at 8:21 am, by davin
Gold prices in Pakistan remained stable, influenced by potential U.S. interest rate cuts amidst mixed economic signals, highlighting the complex relationship between currency fluctuations and gold as a safe-haven asset. – vtmarketsmy.com
Bank of America: Inflation concerns limit potential rate cuts despite weakening labor market
Written on July 2, 2025 at 7:22 am, by davin
Fed Chair Jerome Powell emphasizes a cautious approach on interest rates, linking potential cuts to labor market strength and tariff impacts on inflation, as rising goods prices create uncertainty for economic policy. – vtmarketsmy.com
NZD/USD rises above 0.6100 as the US dollar weakens due to rising Fed rate cut speculation
Written on July 2, 2025 at 7:22 am, by davin
NZD/USD climbs to 0.6105 as the US Dollar weakens amid Fed rate cut speculation. Strong Chinese data boosts NZD, while US job growth complicates the rate outlook. Traders watch closely. – vtmarketsmy.com
