After bottoming out near the 1.1300 region, EUR/USD now regains upside traction and advances to the 1.1370 area on the back of the ongoing knee-jerk in the US Dollar. Meanwhile, market participants continue to closely follow news surrounding the US-China trade war.
Gold seems to have met some daily contention around the $3,200 zone on Monday, coming under renewed downside pressure after hitting record highs near $3,250 earlier in the day, always amid alleviated trade concerns. Declining US yields, in the meantime, should keep the downside contained somehow.
After bottoming out near the 1.1300 region, EUR/USD now regains upside traction and advances to the 1.1370 area on the back of the ongoing knee-jerk in the US Dollar. Meanwhile, market participants continue to closely follow news surrounding the US-China trade war.
Gold clings to strong daily gains near $3,220 despite retreating slightly from the record-high it set touched at $3,237 on Friday. The precious metal benefits from safe-haven flows following China's decision to raise additional tariffs on US imports to 125% from 84%.
Gold prices now lose some upside momentum and slip back below the critical $3,000 mark per troy ounce. Tuesday's recovery in the yellow metal comes on the back of the weaker US Dollar as well as steady trade tensions, while higher US yields continue to cap gains.
Gold price meets with a fresh supply on Friday, though the downside potential seems limited. Trump’s tariffs-inspired risk-off mood might continue to act as a tailwind for the precious metal. Fed rate cut bets weigh on the USD and also contribute to limiting losses for the XAU/USD pair.
Gold is regaining momentum, climbing above $3,120 after a slight pullback from Tuesday’s near-record high of $3,150. Retreating US yields are bolstering XAU/USD, ahead of President Trump's official announcement of the reciprocal tariff measures later this Wednesday.
Bitcoin’s price tumbled 2% to settle at $86,000 at press time on Wednesday after another unsuccessful attempt at breaching the $90,000 resistance. Bitcoin’s dip outpaces the 1.3% decline in the global crypto market, signaling that investors are rotating capital from BTC towards altcoins. Bitcoin ETFs continued their buying spree on Tuesday, with another $26.8...
Gold fluctuates in a relatively tight range and manages to hold above $3,020 midweek. The precious metal seems to be benefiting from the positive sentiment surrounding the commodities after Copper climbed to a new all-time high earlier in the day.
GBP/USD remains under pressure and trades at a fresh two-week low below 1.2900 in the American session on Wednesday. Soft February inflation data from the UK and the Spring Budget delivered by Chancellor Rachel Reeves weigh on Pound Sterling midweek.
EUR/USD trades in positive territory above 1.0800 in the American session on Tuesday. Disappointing consumer sentiment data for March and New Home Sales figures from the US weigh on the USD, allowing the pair to hold its ground.
The intense march north in the Greenback, in combination with the marked rebound in US yields across the curve are prompting Gold prices to recede to the proximity of the critical $3,000 mark per troy ounce.
Gold prices have shown little reaction following the Federal Reserve’s decision to keep interest rates unchanged on Wednesday, with the metal hovering near the $3,030 mark per troy ounce.
Gold continues to push higher toward $2,950 after closing the previous two days in positive territory. The precious metal benefits from the risk-averse market atmosphere as investors grow increasingly concerned about trade wars causing an economic downturn.
GBP/USD is on the defensive near 1.2950 in the European session on Thursday. The pair faces headwinds from intensifying tariff war globally and a pause in the US Dollar downtrend. Traders look forward to the US PPI data for fresh directional impetus.
Bitcoin price extends its decline on Friday, falling over 5% so far this week. BTC uncertainty and volatility spikes liquidated $1.67 billion as the first-ever White House Crypto Summit takes place on Friday.
Gold trades lower near $2,900 on Monday as investors stay cautious amid a lack of major data releases, awaiting updates on the Trump administration’s tariff policy.
Gold prices manage to leave behind Thursday’s pullback and revisits the area of $2,920 per troy ounce in the wake of the publication of the US labour market report in February.