Gold Slips Below $4,400 as Traders Await US PPI Data
Gold fell below $4,400/oz after hitting a ten-week high, as investors await US PPI data. Cooling CPI reduced Fed rate hike odds, while elevated oil prices from Iran tensions add pressure on gold.
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Gold fell below $4,400/oz after hitting a ten-week high, as investors await US PPI data. Cooling CPI reduced Fed rate hike odds, while elevated oil prices from Iran tensions add pressure on gold.
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US dollar strengthens on elevated inflation data and expectations of Fed rate hikes, while Trump-Xi meeting adds geopolitical complexity. Euro and sterling face weekly declines amid broader USD stren…
EURUSD declined 0.28% while US equities showed mixed performance, with S&P 500 up 0.61% and Dow Jones down 0.19%, indicating potential dollar strength.
The Middle East conflict and closure of the Strait of Hormuz have boosted the US dollar and oil prices, pressuring GBPUSD with heightened risk and safe-haven demand, suggesting bearish near-term outl…
The pound weakens against the dollar amid Middle East conflict fears and rising energy prices, despite shifting BoE rate expectations towards potential hikes supporting sterling somewhat.
The British pound fell due to escalating Middle East tensions, rising oil prices, and inflation concerns, overshadowing Bank of England's likely rate hold, with market expectations for rate cuts push…
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The Japanese yen surged over 2% this week, boosted by Prime Minister Takaichi's election win and safe-haven demand, while the euro weakened ahead of US inflation data; dollar showed mixed performance…