The Pound Sterling (GBP) is retreating during the North American session against the US Dollar (USD) after hitting a four-and-a-half-month high at 1.3000 before trimming earlier gains. At the time of writing, the GBP/USD trades at 1.2975, down 0.12%. Pound trims gains as traders brace for central bank decisionsEconomic data continues to be overlooked as traders digest United States (US) President Donald Trump's protectionist policies aimed at reducing the trade deficit. Earlier, US Industrial Production in February expanded 0.7% MoM, exceeding estimates of 0.2% and January's 0.3% print,...
Gold's price (XAU/USD) surges again and reaches a fresh all-time high currently at $3,031 on Tuesday. The precious metal trades around $3,029 at the time of writing ahead of some important events set to take place. The rise comes after Israel executed military operations on possible Hamas tactical positions and buildings. The move is seen as the end of the ceasefire deal, which started in January and is likely to bring more Red Sea attacks by Houthi rebels and retaliation by Hamas as a counter-response to the recent intervention by Israel. The ceasefire failure comes just hours before United...
Oil prices eased about 1% on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin discussed moves to end the three-year-old war in Ukraine, which could result in a possible easing of sanctions on Russian fuel exports. Putin agreed to Trump's proposal that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days. Brent (LCOc1) futures fell 51 cents, or 0.7%, to settle at $70.56 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 68 cents, or 1.0%, to settle at $66.90. Even if the U.S. and Russia work out a ceasefire in Ukraine, some...
Gold price skyrockets past the $3,000 figure and hit a record high of $3,038 on Tuesday amid uncertainty on United States (US) President Donald Trump's reciprocal tariffs to be enacted on April 2, while traders eye Federal Reserve's (Fed) monetary policy decision. XAU/USD is trading at $3,037, up by 1.20%. Risk appetite remains deteriorated, even though talks between Trump and Russian President Vladimir Putin relieved some of traders' stress with the latter agreeing to a 30-day halt on attacking Ukraine energy facilities, according to Reuters. Nevertheless, the Bullion rally continued with...
The US Dollar Index edges higher, recovering from earlier losses.Germany plans to inject 0.5 trillion euros into fiscal spending.Geopolitical uncertainty rises as Trump and Putin hold key discussions.Economic indicators show resilience despite market volatility.The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of six currencies, is stabilizing after avoiding a fresh five-month low. Traders react to Germany's significant fiscal expansion while monitoring geopolitical risks linked to ongoing talks between US President Donald Trump and Russian President...