GOLD WEEKLY FORECAST: BULLS RIDE RISK-AVERSION, HIT NEW RECORD-HIGH Gold surged above $3,000 on safe-haven demand. Fed's policy and dot plot may influence Gold's value. Near-term outlook remains bullish for Gold (XAU). Gold reversed early-week losses and gained momentum. Focus shifts to the Fed'
CONSUMER SENTIMENT DROPS IN MARCH TO 57.9. Consumer sentiment fell to 57.9, down 10.5% from February and below the 63.2 estimate. 27.1% lower than a year ago, the lowest since November 2022. Current conditions index down 3.3%, future expectations dropped 15.3% month-over-month and
TREASURY YIELDS RISE AS INVESTORS AWAIT CONSUMER SENTIMENT DATA U.S. Treasury yields rise ahead of consumer sentiment data. Benchmark 10-year Treasury yield increases by over two basis points to 4.298%. 2-year Treasury yield up two basis points to 3.973%. Tame inflation data this week provides relief to
Gold price is near record high, close to $3,000. Trade tensions due to Trump’s policies are supporting gold prices. Expectations of Fed rate cuts are also helping gold. A small rise in the US dollar is stopping gold from going even higher. If global market conditions improve, gold
The UK government needs more economic growth. It faces spending cuts and possible tax increases. Improving UK-EU trade relations could help the economy. Big changes in UK-EU ties are becoming more likely. However, this alone won’t fix the UK’s financial problems.
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.
GBP/USD is falling for the second day in a row. Current price is around 1.2940 in Friday’s Asian session. The British Pound is struggling due to weak market confidence. Investors are worried about global trade after US President Trump threatened a 200% tariff on European wines. Traders
Gold Price Rising: Gold is likely to rise and may reach $3,000 soon. Weekly Gain: Gold is on track for its second straight week of gains. US Dollar & Yields Up: The US Dollar and Treasury yields are increasing due to reduced fears of a government shutdown. Bullish Trend:
AUD/USD is going up but still below 0.6300. Risk mood is better, helping the Aussie dollar. US Dollar is also stronger due to positive US-Canada trade news and no US government shutdown. Uncertainty about US tariffs is stopping AUD/USD from rising more.