US PRODUCER PRICE INDEX BELOW EXPECTATIONS IN DECEMBER
US Producer Price Index (PPI) grew by 3.3% year-on-year in December, below the expected 3.4%.
The PPI growth in November was 3.0%.
On a monthly basis, the PPI increased by 0.2%, missing the expected 0.3% growth.
November’s monthly PPI growth was 0.4%.
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.