Market News
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Gold falls toward $4,000 as US-Iran hostilities boosts Fed rate hike bets
Gold price (XAU/USD) falls to around $4,000 during the early Asian trading hours on Monday. The precious metal hovers around the psychological level in recent weeks after losing 14% in the second quarter (Q2), its worst showing since 2013.
Australian Dollar softens below 0.7000 as US–Iran conflicts escalate
The AUD/USD pair edges lower to around 0.6975 during the early Asian session on Monday. The Australian Dollar (AUD) extends the decline below the 0.7000 psychological level due to escalating tensions in the Middle East.Â
United Kingdom Rightmove House Price Index (YoY) rose from previous -0.5%Â to -0.4% in July
United Kingdom Rightmove House Price Index (YoY) rose from previous -0.5%Â to -0.4% in July
United Kingdom Rightmove House Price Index (MoM) declined to -1% in July from previous -0.6%
United Kingdom Rightmove House Price Index (MoM) declined to -1% in July from previous -0.6%
New Zealand Trade Balance NZD (MoM) declined to $23M in June from previous $800M
New Zealand Trade Balance NZD (MoM) declined to $23M in June from previous $800M
New Zealand Trade Balance NZD (YoY): $-3.74B (June) vs previous $-3.36B
New Zealand Trade Balance NZD (YoY): $-3.74B (June) vs previous $-3.36B
New Zealand Imports fell from previous $8.08B to $8.07B in June
New Zealand Imports fell from previous $8.08B to $8.07B in June
New Zealand Exports: $8.09B (June) vs previous $8.88B
New Zealand Exports: $8.09B (June) vs previous $8.88B
US launches airstrikes to ‘swiftly punish’ Iran for deaths of US troops
The United States (US) has launched the ninth night of Iran strikes. Washington said that airstrikes on Sunday aimed to "punish" Iran over the first US military deaths since renewed hostilities with Tehran, Bloomberg reported.Â
Chinese Yuan: Consolidation holds upside bias against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they maintain a downside bias toward 6.7600 as long as strong resistance at 6.7820 remains intact.
South Korea: Faster hiking path – DBS
DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026.
Silver Price Forecast: XAG hits fresh YTD low, bears eye $54 breakdown
Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%. At the time of writing, XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low of $54.77.
China: Stagnation to persist as growth model shifts – Commerzbank
Commerzbank’s Dr. Henry Hao argues China’s housing market remains in structural stagnation five years after the Evergrande crisis. National prices follow an L-shaped path, with a K-shaped divergence between Tier-1 and lower-tier cities.