Gold Prices Surge to $3,000 Amid Global Trade Tensions Gold prices (XAU/USD) recovered during the Asian session on Tuesday, climbing back to the $3,000 per ounce mark. The surge follows a decline to a nearly four-week low around $2,957 on Monday. Recent announcements of reciprocal tariffs
USD/INR Extends Rally Amidst Trump's Tariff Threats and Global Trade Tensions On April 7, 2025, the Indian Rupee (INR) weakened by 0.7% to close at 85.8350 per U.S. dollar, marking its most significant single-day decline in nearly three months. President Donald Trump imposed substantial
NZD/USD Attracts Buyers Above 0.5550 Amid U.S. Recession Fears and RBNZ Rate Decision in Focus The NZD/USD pair has attracted buyers, trading around 0.5580 during the Asian trading hours on Tuesday. President Donald Trump's recent tariffs on trade partners have raised concerns about
PBOC Sets USD/CNY Reference Rate at 7.2038 Amid Trade Tensions On April 8, 2025, the People's Bank of China (PBOC) set the USD/CNY central parity rate at 7.2038 per dollar. This represents a slight depreciation from the previous day's fixing of 7.
AUD/USD Rebounds Above 0.6000 Amid U.S. Recession Concerns The AUD/USD pair rebounded to approximately 0.6015 during the early Asian session on Tuesday, recovering some of its previous losses. The Australian Dollar (AUD) experienced fluctuations, peaking at 0.6120 US cents due to unverified reports of
Gold Price Faces Volatility at $3,000 Threshold Amid Market Turmoil Gold prices surged to record highs exceeding $3,100 per ounce in late March 2025, driven by investor concerns over new U.S. tariffs and potential inflation. On April 7, 2025, gold dipped below the $3,000 mark, reaching
AUD/USD Rebounds Amid China's Economic Stimulus. The AUD/USD pair recovered to approximately 0.6040 during Monday's European session, rebounding from a five-year low of 0.5930 earlier in the day. This rebound was primarily driven by China's announcement of stimulus measures aimed
USD/CAD Volatility Amid Trade Tensions and Recession Fears At the start of April, USD/CAD dropped to the 1.40 level, influenced by broad USD weakness following the announcement of U.S. tariffs on Liberation Day. The pair subsequently rebounded, reflecting market adjustments to the evolving trade situation. President
EUR/USD Rebounds Amidst Trade Tensions and Tariff Announcements The EUR/USD currency pair rebounded to the significant 1.1000 mark during Monday's European session, recovering from an earlier dip to approximately 1.0880. This recovery occurred within a risk-averse market environment, where the U.S. Dollar (USD)
US Dollar Weakens Amid Fed Rate Cut Expectations and Tariff Risks Traders are increasingly anticipating Federal Reserve rate cuts due to concerns over a potential U.S. recession, leading to a weaker U.S. Dollar (USD). Conflicting messages from Federal Reserve officials contribute to market uncertainty, influencing USD movements. Escalating
Gold and Silver Prices React to Rising Trade Tensions Gold prices surged to a record high of $3,005 per ounce amid escalating trade tensions and geopolitical uncertainties. Following aggressive U.S. tariffs, gold prices fell to a 3.5-week low, with spot gold slipping to $3,034.02 per
Gold Prices in India Retreat from Record Highs Amid Global Market Turmoil Following a significant 3% decline in global gold prices on Comex, gold prices in India have continued their downward trend into early Monday trading. This retreat comes amid a broader global sell-off triggered by recent trade tensions and