GOLD SEES RECOVERY RALLY HALT NEAR $2,912
Gold’s rally paused near $2,912 after a surge in the European session on Tuesday.
A possible German defense spending deal weakened the US Dollar, supporting Gold.
Traders are reversing weekly losses, sending Gold into positive territory for the week.
Gold (XAU/USD) trades above $2,910, turning this week's loss into a profit ahead of the US session.
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.
Global trade tensions are still making markets unstable. Stock prices changed a lot and finally ended lower. There is some hope in U.S.-Canada trade talks. Even though tensions are easing, relief is not coming quickly.