The US dollar index (DXY) continued its slide on Friday, falling near the 100 area after hitting a fresh three-year low earlier in the day. The downtrend reflects a broad decline in investor confidence as fresh data and central bank comments paint a grim picture for the US economy. The University of Michigan sentiment index fell in April, while the Producer Price Index came in below estimates, adding to market fears of disinflation. Several Federal Reserve officials have flagged rising inflation expectations as a risk, even as near-term economic data hints at weakening demand. Technically,...
Gold fell slightly from a record as markets digested the latest U.S. trade news from President Donald Trump, who has turned to safe havens amid growing confusion over his tariff agenda. Bullion fell as much as 0.8% in early trading on Monday — following a more than 6% gain last week that saw it trade above $3,245 an ounce for the first time. The decline came after a modest reprieve for the dollar from its recent rout, following a U.S. pause on reciprocal tariffs on smartphones, computers and other electronics. However, the recovery stalled after Trump on Sunday signaled separate duties on...
Oil prices fell early in Asia. A series of mixed signals from the Trump administration over the weekend regarding tariffs on smartphones, laptops and other electronics have fueled fresh uncertainty over US trade policy. Changes in US tariff policy continue to drive dramatic swings in commodity prices, Olivia Cross of Capital Economics said in a note. "In the short term, policy announcements will likely be the main driver of commodity prices, along with economic data that may reflect the impact of tariffs on industrial activity and trade," the climate and commodities economist added....