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9 | Follower
FXStreet - The Foreign Exchange Market
12.07.2025
Gold (XAU/USD) price surged on Friday, trading above $3,360 at the time of writing, as trade tensions and safe-haven demand have overshadowed rising US yields.
United States Baker Hughes US Oil Rig Count: 424 vs previous 425
The US Dollar (USD) is trading confidently against the Japanese Yen (JPY) on Friday, as yield differentials and tariff risks continue to weigh on the safe-haven Yen.
As expected, US President Trump's announcement of 50% import tariffs on Copper has led to turmoil on the affected market. The price of Copper traded on Comex rose to a peak of almost 590 US cents per pound (equivalent to $13,000 per ton).