Monthly Archives: April 2025
Gold Hits Fresh High While Focus turns to PCE Today
Written on April 9, 2025 at 7:17 am, by
Market Summary Gold prices continued their bullish momentum, surging past $3,077.41 without significant retracement, marking a 7% gain in March. The rally underscores strong haven demand as geopolitical and economic uncertainties mount. The latest escalation in Ukraine, where Russian drone strikes targeted the country’s second and third-largest cities, has heightened risk aversion. Meanwhile, European alliesContinue Reading
Wall Street Closes Lower on 25% U.S. Auto Tariff
Written on April 9, 2025 at 7:16 am, by
Market Summary President Donald Trump has announced a 25% tariff on auto imports, a move aimed at boosting domestic manufacturing jobs but one that has rattled financial markets, raising fears of a broader trade war. The aggressive policy shift has fueled concerns over rising inflationary pressures, reinforcing expectations that the Federal Reserve may maintain aContinue Reading
Dollar Extend Gain ahead if PCE
Written on April 9, 2025 at 7:13 am, by
Market Summary The U.S. PMI data came in stronger than expected in the last session, reinforcing the resilience of the U.S. economy. Notably, Atlanta Fed President Raphael Bostic signaled a more cautious stance on rate cuts, stating that he now foresees only one rate cut this year, citing the need to account for potential inflationaryContinue Reading
