Market News - Gold, Oil & Forex

Readings for July on the prices consumers pay for goods and services came in pretty much on target.

The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.

Tech leaders say AI will drive down costs. But slow corporate adoption and the data center buildout create inflation pressures that complicate the Fed’s job.

The consumer price index is expected to show only a modest increase for July.

Gold pushed toward $4,450 an ounce Tuesday, its best level in about two months, as a stalled U.S.-Iran deal to reopen the Strait of Hormuz kept oil elevated and traders braced for a Wednesday inflation report that could decide whether a September Fed rate hike is really off the table. Silver pushed above $65 for a second straight session, extending its climb to a seven-week high. The rally traces back to Friday's jobs report, which showed the U.S. economy shed 23,000 positions in July. That...

The metal prices retreated from a seven-week high as traders lock in gains before US inflation data comes out.

This year’s heat waves and related productivity declines and lower agricultural output could erase as much as 1% of the gross domestic product of the European Union, wiping out most of the EU’s economic growth expected for 2026, according to Dutch bank Triodos. The bank and wealth manager, which focuses on financing environmentally and socially sustainable projects, expects labor productivity losses due to the extreme heat waves to reduce the European Union’s GDP by some 0.6% this year....

In focus today In Norway, we expect core inflation to have risen to 2.9% in July, driven by a partial rebound in information and communication technology, as well as airline tickets. Lower food inflation should pull slightly in the opposite direction. If we are correct, core inflation would be 0.4pp lower than what Norges Bank […] The post Weak NFP, Yet Lower Unemployment Rate appeared first on ActionForex.

Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights Canadian employment jumped 75k in July, with broad-based gains across industries, pushing the unemployment rate down to 6.4% and reinforcing signs of economic resilience despite ongoing trade uncertainty. Strong labour market and international trade data alongside improving housing activity, […] The post The Weekly Bottom Line: Stocks Hit All-Time Highs Amid Mixed Economic Data appeared first on...

Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals.

Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate held steady at 4.2%, according to the Dow Jones consensus.

Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.