Gold prices increased on Tuesday.
The U.S. dollar became weaker.
Investors bought gold as a safe investment.
They are waiting for U.S. inflation data.
The data will help understand the Federal Reserve’s next moves.
There are concerns about trade tensions and slow economic growth.
This follows tariffs imposed by U.S. President Donald Trump.
Gold Price Rises: XAU/USD is now at $2,916.67. Tariff News: US President Donald Trump removed tariffs on Canadian steel and platinum. Upcoming Data: The US Consumer Price Index (CPI) will be released on Wednesday. Gold Outlook: Gold is moving higher and trying to stay strong.
Ethereum's price increased by 3% on Tuesday. Cboe BZX filed a request with the SEC for Fidelity to allow staking in its Ethereum ETF. Other companies, like Grayscale and 21Shares, also want to stake their Ethereum ETF holdings. Ethereum is moving toward the $2,200 resistance level.
BOJ GOVERNOR UEDA: UNDERLYING INFLATION STILL REMAINS BELOW 2% BOJ Governor Kazuo Ueda highlights that underlying inflation remains below 2%. Expressed concern over uncertainty in the overseas economy and prices. Spring wage negotiations will be crucial for future BOJ policy direction. No policy changes expected at next week's
CANADA, US AGREE TO SUSPEND TARIFFS Canada suspends 25% surcharge on electricity exports to the U.S. Ontario Premier Doug Ford announces suspension for Michigan, New York, and Minnesota. Ford and U.S. officials to meet Thursday on USMCA renewal.