Key Market Trends to Monitor This Week?(10-14, February 2025)
Gold Rally Accelerates Amid Tariff Talks?
Gold prices surged nearly 1.5% on Monday, reaching new highs above $2,900, as President Trump announced upcoming tariff plans. This move has drawn traders to the precious metal amidst fears of escalating trade tensions, raising speculation that gold could soon approach $3,000.?
Pound Sterling Rises Despite Tariff Fears?
The Pound Sterling gained ground against the US Dollar, climbing to nearly 1.2415 despite President Trump's renewed tariff threats on metals. This rise reflects investor confidence, even as the US Dollar Index showed strength. Market attention now shifts to upcoming speeches by BoE Governor Andrew Bailey and Fed Chair Jerome Powell, which may provide further insights into monetary policy and the potential economic impact of the tariffs.?
领英推荐
ECB Warns Against Trade War?
European Central Bank Vice President Luis de Guindos emphasized the importance of avoiding a trade war, advocating for a cautious approach to recent tariff announcements. He noted potential impacts on supply chains, while the effect on inflation remains uncertain. Despite his remarks, the Euro showed little movement, trading down 0.08% against the US Dollar.?
European Gas Prices Surge Amid Shortage?
European natural gas prices surged to a two-year high, increasing over 4% due to colder weather and dwindling storage capacities. Experts from ING report that current gas stockpiles are at their lowest levels since the 2022 energy crisis, with inventories only 49% full compared to 67% last year.? Register Now!