Stay on top of your trading with analyses of the latest market news.
Key points: The pound held at $1.2722, near a two-month high after inflation data and election announcement. British inflation rose by 2.3% annually in April, nearing the Bank of England’s target but slowing less than expected. The British pound held …
Key points Analyst prediction: Gold may drift back to $2,355 if the dollar maintains upward momentum. Fed minutes: Indicated discussions of possible further interest rate hikes. ANZ outlook: Rising prices could temper discretionary gold buying. Gold prices fell for a …
Key Points: Fed officials indicated a willingness to raise rates again if inflation persists. The Fed maintained its benchmark interest rate at 5.25%-5.5%. The US Dollar Index (Symbol: USDX) strengthened on hawkish Fed minutes. Market reactions include a drop in …
Key points: Copper prices on the LME dropped 0.8% to $4.90 per pound. SHFE copper edged down 0.4% to $5.42 per pound. Firmer US dollar and weak physical demand drag copper prices down. On Tuesday, prices of copper (Symbol: COPPER-C) …
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