Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
The U.S. dollar held firm early Thursday after a sharp plunge to a 3-1/2-year low and swift rebound, as traders digested the Federal Reserve’s cautious outlook on interest rates. The Fed cut rates by 25 basis points on Wednesday as expected, signaling more gradual easing ahead.
Fed Chair Jerome Powell described the move as a “risk-management” step tied to labor market weakness, while stressing there is no need to rush rate cuts. The central bank’s dot plot pointed to another 50 basis points of cuts this year, but only one reduction in 2026, highlighting ongoing uncertainty about inflation risks.
The dollar index tumbled to 96.224, its weakest since February 2022, before bouncing back to 97.074, up 0.44% on the day. The euro was steady at $1.1818 after spiking to a 27-month high of $1.19185. Sterling traded flat at $1.3626, easing from Wednesday’s peak of $1.3726.
Markets now await the Bank of England’s decision later Thursday, with policymakers expected to hold rates at 4%. U.K. inflation rose 3.8% annually in August, matching forecasts and reducing the likelihood of near-term cuts.
Against the yen, the dollar slipped 0.08% to 146.815 after briefly falling to 145.495, its weakest since July. The Bank of Japan is expected to hold rates Friday, though markets assign 50% odds of a hike by year-end. Political focus remains on Japan’s October 4 leadership vote after Prime Minister Shigeru Ishiba’s resignation.
Elsewhere, New Zealand’s dollar slid 0.49% to $0.5935 after GDP contracted more than expected, while the Australian dollar was steady at $0.6655 ahead of jobs data. The Canadian dollar held at C$1.3772 after the Bank of Canada cut rates to a three-year low, citing weak employment and easing inflation pressures.
