Gold prices dropped sharply as investor sentiment shifted following former U.S. President Donald Trump's decision to delay tariffs on European Union goods. The market responded with renewed risk appetite, causing the yellow metal to retreat from recent highs. Despite the drop, the broader outlook for gold remains optimistic as investors...
China's yuan fell slightly against the US dollar, even as other emerging market currencies strengthened. The central bank appears to be guiding the yuan to stay steady, signaling a shift in its currency policy. Yuan Weakens Despite Dollar's Drop On Tuesday, the Chinese slipped against the US dollar, even though...
The Canadian dollar forecast shows continued strength against the US dollar, with USD/CAD declining 1.5% over five trading sessions. Combined with US dollar weakness from trade tensions and the DXY falling below 100, the CAD outlook suggests further bearish pressure on USD/CAD toward key support levels. 1. Canadian Dollar Forecast...
The USD/CHF price forecast has plummeted to two-week lows near 0.8200 as investors flock to the Swiss Franc following President Trump's aggressive tariff threats. The Swiss currency has surged nearly 1% against the dollar, with technical analysis pointing to further downside toward the 2025 low at 0.8038. USD/CHF Price Forecast:...
Gold price surges on US-EU trade tensions after US President Donald Trump announced plans to impose 50% tariffs on European imports starting June 1. The move has reignited fears of a full-blown transatlantic trade war, sparking risk-off sentiment across global markets. As investors seek safety, XAU/USD jumped above $3,350, further...
Gold prices (XAU/USD) climbed steadily during the European session on Friday, approaching a recent two-week high. The move was largely triggered by US fiscal concerns following the narrow House approval of a massive spending bill. Simultaneously, rising geopolitical tensions—from renewed US-China trade strains to escalating conflict narratives in Ukraine—are pushing...
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