2026-05-13
Gold prices remain under pressure, trading below the $4,700 mark as the US dollar extends its recent gains. Market participants are now turning.
Gold prices remain under pressure, trading below the $4,700 mark as the US dollar extends its recent gains. Market participants are now turning.
The US Dollar held its ground in early trading on Wednesday, as currency markets turned their attention to the upcoming summit between former.
Gold prices continue to trade with a negative bias during the mid-week session, pressured by a resilient US dollar that is drawing support.
The US dollar has strengthened against major currencies following the release of hotter-than-expected inflation data and a corresponding rise in Treasury yields, according.
The EUR/USD currency pair is trading in a narrow consolidation pattern just below the mid-1.1700s level, as a combination of escalating geopolitical risks.
The euro weakened past the 1.1750 threshold against the US dollar on Wednesday, as hotter-than-expected inflation data from the United States reinforced expectations.
The US dollar is facing a familiar tug-of-war between resilient domestic data and a broader shift in global risk appetite, according to analysts.
The US dollar posted its strongest single-day gain in nearly two weeks on Wednesday, driven by a hotter-than-expected consumer price index (CPI) report.
The Japanese yen slipped against the US dollar on Wednesday, as escalating geopolitical tensions in the Middle East drove demand for the greenback.
The US Dollar rallied sharply on Wednesday after the release of hotter-than-expected Consumer Price Index (CPI) data for March, pushing Treasury yields higher.