Gold Price SOARS on Geopolitical Tensions and Red Sea Attacks
Today kicked off with gold soaring 2%, spurred by a significant happening in the global arena - I'll dive into this topic deeper in the webinar tomorrow. Investors are flocking to safe havens, as usual, and gold remains a top choice.
Moving on to this week's news calendar: we've just witnessed Australian retail sales meeting expectations, clocking in at -0.2%. This suggests a bit of conservative spending in society, possibly due to preparations for the upcoming festive season. Expectations for tomorrow's RBA meeting hint at a steady 4.85%, indicating no rate hikes anticipated.
Mark your calendars for Wednesday's RBA rate statements and other key events like the US services and non-manufacturing PMI, job openings data, Australia's year-over-year GDP on Thursday, and the Bank of Canada's rate decision, leaning towards a pause.
Friday brings significant releases including Japan's GDP and Germany's CPI, both critical markers given Germany's significant influence in Europe. Keep an eye out for the initial jobless claims and the anticipated NFP release on Saturday.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
Fed hawks lower expectations for Powell’s Jackson Hole speech
GBP/USD: Friday correction after surge
The dollar finds its footing, but the Fed holds the cards
EBC Markets Briefing | Gas prices jump following huge Russian attack
Markets Brace for Powell’s Speech: Gold and Silver Slip, Oil Rallies, Currencies Hold Steady | 22nd August 2025
ATFX Market Outlook 22nd August 2025
Surprise from Flash PMI in the eurozone allowed the euro to continue its fight
