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Gold prices dip 0.4% after hitting a two-week high, as Trump’s move to oust Fed Governor Lisa Cook raises concerns over central bank independence.
EUR/USD rallied above 1.1700 as Powell’s dovish Jackson Hole remarks weakened the U.S. Dollar. PMI data and Fed rate-cut bets keep traders cautious.
Bitcoin slipped 2.1% to $112,550, hitting a six-week low as profit-taking erased Fed-driven gains. Ether neared record highs, altcoins traded mixed.
US stock futures held steady after Wall Street surged 1.9% on Powell’s dovish rate-cut signal. Focus now turns to Nvidia’s earnings for AI market insights.
Oil prices rose 0.3% after Ukrainian drone attacks hit Russian energy sites, raising supply risks. Rate cut hopes also buoy demand outlook.
Gold prices dipped 0.3% after Fed Chair Jerome Powell signaled possible September rate cuts. Investors shift toward risk assets, capping metals’ gains.
Yen hits 3-week low at 148.9 as BoJ policy doubts persist; U.S. data fuels Fed cut bets, but dollar strength keeps USD/JPY near key resistance.
Bitcoin drops 4% to $112.9K as Fed rate-cut odds shrink; Powell’s Jackson Hole speech looms as crypto markets post weekly declines.
UBS raises S&P 500 year-end target to 6,600, its second upgrade in two months, citing strong earnings, AI growth, and easing trade tensions.
Oil rises 2.8% this week as Ukraine tensions disrupt Druzhba pipeline and U.S. crude stockpiles fall by 6 million barrels, boosting demand outlook.
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