RESERVE BANK OF AUSTRALIA EXPECTED TO CUT INTEREST RATES
A poll predicts the Reserve Bank of Australia will reduce interest rates by 75 basis points to 3.60% by the end of 2025.
The RBA is expected to cut the cash rate to 4.10% on February 18, according to 40 out of 43 economists.
Three economists believe there will be no change in the rate.
GOLD SEES RECOVERY RALLY HALT NEAR $2,912 Gold’s rally paused near $2,912 after a surge in the European session on Tuesday. A possible German defense spending deal weakened the US Dollar, supporting Gold. Traders are reversing weekly losses, sending Gold into positive territory for the week. Gold
VOLKSWAGEN SEES LIMITED GROWTH IN 2025 AMID GLOBAL TRADE TENSIONS Volkswagen expects only modest growth in 2025 due to global trade tensions and competition. The company anticipates a maximum sales revenue increase of 5% compared to 2024. Expected operating return on sales to be between 5.5% and 6.5%
Gold prices increased on Tuesday. The U.S. dollar became weaker. Investors bought gold as a safe investment. They are waiting for U.S. inflation data. The data will help understand the Federal Reserve’s next moves. There are concerns about trade tensions and slow economic growth. This follows tariffs
Gold price rises above $2,900 in the European session. Investors are buying gold as a safe-haven asset. Concerns over Trump’s trade tariffs and geopolitical risks support gold’s rise.