... precious metal traded around $3,340–$3,350, which is 0.5–1% lower than recent highs. The pressure on gold came from increased risk appetite and a partial strengthening of the dollar amidst trade optimism. Moreover, strong employment data in the US reduced expectations for an imminent Fed rate cut, leading to a rise in Treasury yields and making gold slightly less attractive in the short term. Nonetheless, fundamental drivers for demand for precious metals remain intact: inflation in Western economies is still above target levels, geopolitical tensions persist, and a potential shift in central banks' approach towards easing looms ahead. Analysts note that amidst ongoing uncertainty, gold continues to serve as a “safe ...

... indicator of business activity in Canada reflects demand and supply dynamics in the economy. This data complements the overall picture of global PMI indices, allowing for comparison between trends in the North American business sector and other regions. US: Energy Stocks and Inflation Expectations 17:30 (US): EIA report on natural gas stocks for the week. Changes in US gas inventory data are crucial for assessing supply and demand balance in the energy market. Significant deviations from forecasts may impact gas prices and ...

... significantly influences the cryptocurrency and stablecoin markets. In 2022–2023, major economies experienced a surge in inflation, prompting central banks, particularly the Federal Reserve (Fed) in the US, to sharply increase interest rates. By 2025, inflation in the US and Europe is expected to slow significantly from peak values but will remain above the target of 2%, keeping monetary authorities on high alert. The Fed paused its interest rate hikes during 2024, and toward 2025, it began to cautiously signal a possible ...

... China's economy dampens investor enthusiasm. In the absence of new reports, Asian markets are focused on macroeconomic indicators and possible stimulus measures from authorities. Market participants in the region are assessing the overall picture: slowing inflation in the US, the exchange rate policy of the Bank of Japan, and China's steps to support the economy. Russian Company Earnings Reports On the Russian market, no new financial reports from major public companies are expected on Sunday. Several second-tier issuers ...

... earnings agenda. In the morning, preliminary estimates of the growth of the UK and Eurozone economies for the second quarter of 2025 will be released — critical data that may influence currency markets and European stock indices. In the afternoon, the US will publish statistics on inflation in the manufacturing sector (Producer Price Index, PPI) and the weekly report from the Energy Information Administration (EIA) on natural gas inventories. Additionally, several major companies from the US, Europe, Asia (Japan, China), and Russia ...