Moody’s Cuts US Credit Rating to Aa1

Gold Outlook: $3,300 Pounced Amid Risk-on, Eyes on Core PCE

Gold outlook remains fragile amid risk-on flows and dollar recovery. Mixed US data and a cautious Fed may keep the precious metal sidelined. Gold investments are rotating into other precious metals, keeping the yellow metal under pressure. The gold price extended its downward trajectory on Friday as risk sentiment improved, while the US dollar mildly…
Moody’s Cuts US Credit Rating to Aa1

Gold Outlook: $3,300 Pounced Amid Risk-on, Eyes on Core PCE

Gold outlook remains fragile amid risk-on flows and dollar recovery. Mixed US data and a cautious Fed may keep the precious metal sidelined. Gold investments are rotating into other precious metals, keeping the yellow metal under pressure. The gold price extended its downward trajectory on Friday as risk sentiment improved, while the US dollar mildly…
Swiss Market Ends On Buoyant Note

Swiss Market Ends On Buoyant Note

(RTTNews) - The Switzerland market closed on a firm note on Friday, in line with markets across Europe, as trade tensions eased following the U.S. and China reaching an agreement. The U.S. struck a deal with China to expedite rate earth shipments. The deal marks a significant step towards resolving the ongoing trade war between
FTSE 100 Moderately Higher On Easing Trade Tensions

FTSE 100 Moderately Higher On Easing Trade Tensions

(RTTNews) - The U.K. market is moderately higher Friday afternoon, led by gains in stocks from financials and healthcare sectors. Easing concerns about U.S.-China trade tensions, and Mid-East worries contribute to the firm undertone in the market. A White House official said the United States has struck a deal with China to expedite rare earth
CAC 40 Up Nearly 1.5%

CAC 40 Up Nearly 1.5%

(RTTNews) - Despite data showing an acceleration in the nation's consumer price inflation, and a deterioration in Eurozone economic sentiment, French stocks are notably higher on Friday thanks to easing trade tensions after the U.S. struck a deal with China to expedite rare earth shipments. Beijing said Washington would lift "restrictive measures" while Beijing would
Housing Starts Plunge as Layoffs Rise—Is the U.S. Economy Losing Its Momentum?

Housing Starts Plunge as Layoffs Rise—Is the U.S. Economy Losing Its Momentum?

Single-family starts edged up slightly to 924,000—just 0.4% above April—offering minimal relief. Building permits, a forward-looking indicator, also declined by 2% to 1.393 million, suggesting the slowdown may persist into the summer. Single-family permits dropped 2.7%, while multi-family authorizations fell to 444,000 units. Completions Rise, But Can Builders Keep Pace? Housing completions offered a short-term
UK Inflation Tops Forecasts, Casting Doubt on BoE Rate Cut Timeline; GBP/USD Spikes

UK CPI Softens in May; Iran Tensions Stir Uncertainty on BoE Policy Path; GBP/USD Spikes

Updated: Jun 18, 2025, 11:56 GMT+00:00 Key Points: UK inflation cooled to 3.4% in May, fueling speculation about BoE rate cut bets amid slowing economic momentum. Core inflation dropped to 3.5%, below forecasts, supporting expectations of easing monetary policy. Sticky services inflation may delay BoE cuts despite weakening GDP and retail demand concerns. UK Inflation