Is The Threat Of Inflation Over?
Hey there,
USD:
The dollar fell to a one-week low after Donald Trump's tariff pledges caused investors to grow cautious while rebalancing their portfolios before the end of the month.
With PCE (Personal Consumption Expenditure) data due today markets will be watched closely by traders and investors ahead of the U.S thanksgiving holidays on Thursday.
Investors are left scratching their heads as Trump looks to introduce big tariffs on Canada, Mexico, and China.
Analysts are debating that inflation risk should prevent Trump from ushering in more disruptive measures.
Gold:
Gold prices rose slightly during the Asian session as demand for safe haven remained underpinned by the prospect of increased U.S trade tariffs.
All things considered, Gold is still struggling to meet its prior highs as the dollar continues to show strong signs of resilience, while easing tensions in the Middle East also reduces some demand for safe havens.
USD:
The dollar fell to a one-week low after Donald Trump's tariff pledges caused investors to grow cautious while rebalancing their portfolios before the end of the month.
With PCE (Personal Consumption Expenditure) data due today markets will be watched closely by traders and investors ahead of the U.S thanksgiving holidays on Thursday.
Investors are left scratching their heads as Trump looks to introduce big tariffs on Canada, Mexico, and China.
Analysts are debating that inflation risk should prevent Trump from ushering in more disruptive measures.
Gold:
Gold prices rose slightly during the Asian session as demand for safe haven remained underpinned by the prospect of increased U.S trade tariffs.
All things considered, Gold is still struggling to meet its prior highs as the dollar continues to show strong signs of resilience, while easing tensions in the Middle East also reduces some demand for safe havens.
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