GOLD REACHES RECORD HIGH ABOVE $2,970 POST US DATA
Gold hit a new all-time high of $2,971 per ounce.
The rally occurred despite high US Treasury yields and a strong US Dollar.
PPI for February rose 3.2% YoY, below the 3.3% forecast.
Core PPI increased by 3.4%, under the 3.5% estimate.
Initial Jobless Claims dropped to 220K, better than the expected 225K.
EUR/USD Drops: The Euro falls 0.3% against the US Dollar. Trump’s New Tariff Threats: Trump plans new taxes on some European products. Reason for Tariffs: Europe hit back at US steel tariffs, so Trump is responding. Important US Data Ahead: Friday’s reports on consumer feelings and
Cardano's price stayed above $0.70 but dropped for the third day in a row. It fell by 5% despite some positive trading signals. Some experts think it could still reach $0.50. The US Federal Reserve might pause interest rate hikes, which usually helps prices. However, the
FEDERAL RESERVE AND BANK OF ENGLAND MEET AS ECONOMIC OUTLOOK. Rates held steady in January due to sticky inflation and tariff impacts. No immediate rate cuts expected in March. future moves depend on labor market and economic conditions. Policy outlook remains uncertain as global economic challenges persist. The Fed’s
EUR/USD is falling: The Euro is losing value against the US Dollar. Current level: It is around 1.0835. Reason: A trade dispute between the US and the EU is causing the Euro to weaken.