Gold prices slipped slightly as investors wait for the latest US CPI data, while hopes of a Federal Reserve rate cut continue to shape market sentiment.
Interest Rates
Trump Says No Plans to Fire Fed Chair Powell, But Keeps Pressure On
Hey there! If you’ve been following the news, you might’ve heard some buzz about President Donald Trump and Federal Reserve Chair Jerome Powell. On July 16, 2025, Trump made headlines by saying he’s not planning to fire Powell. But, as you might guess with Trump, there’s more to the story. Let’s break it down in a way that’s easy to follow and feels like a chat with a friend.
Why Gold Prices Are Dropping and What to Watch Next
I’ve been keeping an eye on gold prices lately, and wow, they’ve taken a bit of a hit! As we head into the European tradingsession, gold (XAU/USD) is sitting well below $3,300, actually touching a one-week low this Wednesday. So, what’s causing this dip? Let’s break it down in simpleterms.
Gold Prices Drop as Trump-Xi Talks Ease Tensions, Silver Hits 13-Year High
Gold prices fell nearly 1% after Trump and Xi’s talks calmed trade tensions, while silver soared to a 13-year high above $35. Learn why gold and silver are moving and what’s next for precious metals.
Gold Price Forecast: What’s Next? PMI Data and Federal Reserve Moves
Investors are now focusing on upcoming PMI data, which shows how well businesses in the US and Europe are doing. The US PMI numbers, expected soon, will give clues about the health of the economy. If the data is weaker than expected, it could signal trouble for the US economy, pushing the Federal Reserve to cut interest rates. Lower interest rates typically weaken the dollar further and make gold more appealing.
US Federal Reserve Will Likely Keep Interest Rates the Same
The Federal Reserve, which controls money in the US, will probably not change interest rates on Wednesday. They want to learn more about President Trump’s new trade plans before deciding anything. This might upset some people, including the president, who want the rates to change soon.
Gold Prices Drop as US-China Trade Talks Look Hopeful; Investors Watch Fed Meeting
Gold prices fell as US-China trade talk hopes reduced demand for safe-haven assets. Investors await the Federal Reserve’s policy meeting for interest rate clues. Learn more about gold, silver, and other metal prices.