Kyle Rodda

Several powerful tailwinds have pushed gold prices to the highest level in history.

Japan's Liberal Democrat Party elects Sanae Takaichi as its new leader, opening the door for more fiscal stimulus.

US data delay leaves markets focused on FOMC speakers and news headline with Japan in focus after their leadership change

The US Government heads for another shutdown, potentially delaying economic data and leading to permanent lay-offs.

Nvidia flirts with record highs as the chipmaker invests in two fellow tech industry giants.

Major tailwinds are pushing gold to new all-time highs.

Global financial markets staged a volatile week as investors reacted to erratic developments in US trade policy, particularly the announcement and partial rollback of President Trump’s so-called “Liberation Day” tariffs.

As the US Federal Reserve prepares for its most significant decision since ending the rate hike cycle in mid-2023, the balance of risks has shifted. With inflation stabilizing at 2.6% and rising unemployment at 4.2%, the FOMC faces increasing pressure to address employment concerns. Markets anticipate a rate cut, with debate on the extent of the reduction.

US labour market conditions are expected to have softened in June. The latest Non-Farm Payrolls data will be released on Friday, July 5th, 2024.

The markets expect to see signs of continued disinflation in the United States. The latest PCE Index data, the US Federal Reserve’s preferred inflation gauge, is released on June 28, 2024.