2026-06-11
Gold prices remain under pressure near the March low of $4,200, with the precious metal struggling to find bullish momentum as expectations for.
Gold prices remain under pressure near the March low of $4,200, with the precious metal struggling to find bullish momentum as expectations for.
Gold prices tumbled to their lowest level in several months on Wednesday, dipping near the $4,050 mark, after a stronger-than-expected US inflation report.
The euro remained under pressure on Wednesday, trading near its lowest level in two months against the US dollar as currency markets turned.
Dow Jones futures slipped in early trading on Wednesday as investors turned cautious ahead of the release of closely watched US inflation data..
Economists and market analysts are bracing for an acceleration in the US Consumer Price Index (CPI) for May, driven primarily by the delayed.
The US dollar is likely to maintain its strength in the near term as inflation proves more persistent than many market participants had.
Bank of America (BofA) has issued a fresh warning to currency markets, stating that the euro is likely to face continued depreciation against.
The U.S. Bureau of Labor Statistics reported Wednesday that the Consumer Price Index (CPI) rose to 4.2% year-over-year in May, the highest reading.
The US Dollar staged a notable recovery on Wednesday, reversing earlier losses after the release of key inflation data that provided fresh clues.
Gold prices extended their decline to an 11-week low on Wednesday, pressured by stronger-than-expected US inflation data that reinforced expectations the Federal Reserve.