News

Gold prices remained broadly unchanged in Philippines on Thursday, according to data compiled by FXStreet.

Gold prices remained broadly unchanged in United Arab Emirates on Thursday, according to data compiled by FXStreet.

The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from a nearly two-week trough, around the 1.3370 area touched the previous day.

EC Markets, the Titanium Sponsor of Forex Expo Dubai 2025, delivered one of the event’s most exciting attractions at Booth #55, where trading expertise met the thrill of football.

Visitors were welcomed into an interactive space that combined trading insights with unforgettable fan experiences. Attendees had the chance to sit down for one-to-one discussions with the EC Markets management team, exploring the company’s award-winning platforms, trading tools, and app. These conversations turned the booth into a hub for strategies, market opportunities, and valuable new connections.

Adding to the momentum, EC Markets was honored with the title of “Top Regulated Forex Broker” at the Expo, a recognition of the company’s trusted service and commitment to traders worldwide.

But the excitement didn’t stop at trading. As Official Global Sponsors of Liverpool FC, EC Markets brought football energy to the trading floor. A football simulator challenged visitors’ goal-scoring skills, with winners taking home a Liverpool FC jersey signed by legendary midfielder Vladimír Šmicer, remembered for his goal in the 2005 UEFA Champions League Final. Fans also had the rare opportunity to meet Šmicer in person and pose with the iconic Champions League Cup.

Omar Qumuq, Managing Director for MENA at EC Markets, stated:

“EC Markets is growing stronger every day, expanding across the Middle East and around the world. Being at Forex Expo Dubai 2025 gives us the chance to meet our partners and clients face to face, share our vision, and show how our platforms and tools can truly empower traders. Our Liverpool FC sponsorship adds another dimension, bringing the same passion and energy from the football pitch to the markets, creating memorable experiences that go beyond trading. Moments like these are exactly why events like this matter, they allow us to connect and grow together with our trading community.”

The result was a vibrant atmosphere where traders and football fans came together, cementing EC Markets’ position as not only a leader in global trading but also a brand that goes beyond the markets to create lasting connections.

For more information about EC Markets and its award-winning trading platforms, visit www.ecmarkets.com.

This article was written by IL Contributors at investinglive.com.

The meetings/interviews took place over a number of weeks and concluded earlier this week on Tuesday, according to the sources. There were 11 candidates and all were grilled for up to two hours by US Treasury secretary Bessent, Treasury official Hunter McMaster and adviser Francis Browne.

Bessent was said to have probed candidates on their stance on interest rates and questioned their views on his own recent remarks in wanting reforms at the Fed as well as his criticism towards QE. The people cited also say that the candidates were also asked about governance and how they would deal with allegations that the Fed has overstepped its mandate i.e. “mission creep”.

In any case, Trump will have the final say in all of this so technically the process here doesn’t matter all too much. Among the favourites are former Fed governor Kevin Warsh, current governor Christopher Waller, and current economic adviser Kevin Hassett. But it is also said that BlacRock CIO Rick Rieder also performed “very well” during the interview.

As a reminder, incumbent Fed chair Powell’s term ends only in May next year but he can stay on as governor until 2028. That said, most Fed chairs have stepped down immediately from their role in the central bank once their term has ended. So, I wouldn’t expect Powell to stay on for longer than is needed to deal with more harassment.

This article was written by Justin Low at investinglive.com.

The EUR/USD pair recovers some lost ground around 1.1645, snapping the three-day losing streak during the Asian trading hours on Thursday. An ongoing US government shutdown undermines the US Dollar (USD) against the Euro (EUR).

Silver price (XAG/USD) trades near $48.90 during the Asian hours on Thursday, remaining below the fresh all-time high of $49.55, which was reached on Wednesday. The price of the grey metal moves little as safe-haven demand eases on signs of subsiding geopolitical risks.

Gold (XAU/USD) drifts lower during the Asian session on Thursday and now seems to have snapped a four-day winning streak to a fresh all-time peak, around the $4,059-4,060 area touched the previous day.

Japan 5-yr JGB auction bid-to-cover 3.69 versus 3.70 at prior sale in September

• Japan 5-yr JGB auction tail at 0.06 yen versus 0.03 yen at prior sale in September

Japan’s latest 5-year government bond (JGB) auction drew a bid-to-cover ratio of 3.69, marginally below 3.70 at the previous sale in September, signalling slightly softer investor appetite.

The tail — the difference between the average and lowest accepted price — widened to 0.06 yen from 0.03 yen, suggesting bids were more dispersed and demand less aggressive.

The result reflects modest caution among investors ahead of the Bank of Japan’s late-October policy meeting, where expectations have shifted toward a slower pace of further tightening following weak recent data. Despite the softer tone, overall demand remains firm by historical standards, underscoring continued domestic appetite for medium-tenor JGBs amid subdued inflation expectations and low volatility.

This article was written by Eamonn Sheridan at investinglive.com.