Gold remains under pressure, breaching below the $4,700 mark per troy ounce to hit multi-day lows amid the positive tone in the US Dollar and steady uncertainty stemming from the Middle East crisis. The yellow metal’s pullback also comes in response … [Continue reading]
US Dollar Index jumps after hot US CPI data reinforces hawkish Fed outlook
The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, climbs to a five-day high on Tuesday as stronger-than-expected US inflation data bolsters the hawkish Federal Reserve (Fed) outlook. At the time … [Continue reading]
Silver price declines as hot US inflation bolsters Dollar despite industrial support
Silver (XAG/USD) declines on Tuesday, stalling a four-day winning streak, the white metal trading around $84.10 at the time of writing, down 2.18% on the day. The pullback comes as the US Dollar (USD) benefits from renewed demand following … [Continue reading]
US CPI inflation set to accelerate in April to near three-year high amid elevated Oil prices
The US Bureau of Labor Statistics (BLS) will publish the April Consumer Price Index (CPI) data on Tuesday. The report is expected to show another significant leap in consumer inflation after March’s sharp increase, driven by the elevated Oil prices … [Continue reading]
US CPI data set to show another leap in inflation as Oil prices remain high
The US Bureau of Labor Statistics (BLS) will publish the April Consumer Price Index (CPI) data on Tuesday. The report is expected to show another significant leap in consumer inflation after March’s sharp increase, driven by the elevated Oil prices … [Continue reading]
Euro softens below 1.1800 on US-Iran ceasefire risks, traders await US CPI data
The EUR/USD pair loses ground to near 1.1775 during the early Asian session on Tuesday. The Euro (EUR) softens against the US Dollar (USD) as traders turn cautious ahead of the US April inflation report and ongoing geopolitical tensions in the Middle … [Continue reading]
Gold rises as Trump rejects Iran deal, war risks increase
Gold (XAU/USD) price advances modestly by 0.30% on Monday as the Iran-US conflict resolution stalls following Tehran’s proposal, which was disregarded by US President Donald Trump, who said that it was “totally unacceptable.” At the time of writing, … [Continue reading]
XRP retreats from key supply range as US–Iran tensions test risk-on sentiment
Ripple (XRP) declines from highs around $1.50 and tests a short-term $1.45 support at the time of writing on Monday. The remittance token reflects a sudden shift in broader crypto market sentiment as fresh tensions in the Middle East have further … [Continue reading]
Gold Price Forecast: XAU/USD hits lows near $4,650 as Fed easing hopes dim
Gold (XAU/USD) pulls back from last week’s high on Monday, reaching session lows a few dollars above the $4,650 level at the time of writing. Waning hopes of a swift end to the US-Iran war and strong US employment data, which eases pressures on the … [Continue reading]
Ondo Price Forecast: ONDO rally stretches thin as retail confidence grows cautious
Ondo (ONDO) extends gains by 4% on Monday, having gained more than 8% earlier in the Asian session after last week’s roughly 50% rally. Ondo extends its rally underpinned by the announcement of the first-ever tokenized Treasury bill settlement, but … [Continue reading]