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Gold opened the week on the back foot, dropping around 1.8% by mid-European trading on Monday, as mounting inflation concerns pushed major central banks toward a more hawkish stance, even as they left interest rates unchanged at last week’s…
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Inflation in Great Britain accelerated to 3.3% year-on-year in March from 3.0% in February, matching expectations, while monthly inflation rose 0.7%, above the previous month’s 0.4% increase and ahead of forecasts for a 0.6% gain. Core…
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The dollar was firmer during Asian and European trading on Tuesday, partially recovering Monday’s 0.36% decline, though near-term price action remains confined within the recent congestion range of $97.40/$98.22 as investors await fresh…
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WTI oil opened $5 higher on Monday and surged more than 6% in early trading, after the “Trump Indicator” — one of the market’s main fundamental drivers at present — reversed course over the weekend amid renewed tensions surrounding the…
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Gold opened sharply lower on Monday, gapping down and falling roughly $150 from Friday’s high, as market sentiment shifted again following weekend escalation that resulted in the closure of the Strait of Hormuz. The renewed deterioration…
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Crude oil prices fell sharply on Friday after the Iranian government announced that the Strait of Hormuz had been reopened to all commercial shipping. Brent crude dropped by around 10% immediately following the statement during early…
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The euro rallied to a fresh two-month high on Friday, as bulls regained momentum after an eight-day advance paused in the previous two sessions with narrow consolidation. Continued weakness in the dollar helped sustain risk appetite and…
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WTI oil prices moved lower on Friday after repeated failures to secure a close above the key $90 resistance level, increasing pressure on near-term support at the base of the daily Ichimoku cloud. Price action has now traded within the…
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Bitcoin edged lower after a strong three-day advance that lifted the price above the 74,375 Fibonacci level (38.2% retracement of the 97,946/59,805 decline) and through key resistance at 74,575/74,775, where the daily Ichimoku cloud top and…
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The dollar edged modestly higher on Thursday as traders took profits following the recent decline, which accelerated over the previous three sessions and dragged the currency index to its lowest level since late February. Oversold…
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