Gold Consolidates Near $4,000 as Citi Eyes $4,500 Target
Gold finds support from Chinese ETF inflows and Fed uncertainty. Citi expects a return to $4,500 in Q4 after current consolidation.
Gold finds support from Chinese ETF inflows and Fed uncertainty. Citi expects a return to $4,500 in Q4 after current consolidation.
Gold extends intraday losses near $4,060 as the USD rebounds on persistent Fed rate hike bets and rising geopolitical tensions in the Middle East.
BBH's Elias Haddad sees RBA hike risks alive but warns an extended pause is more likely, posing a headwind for the Australian Dollar.
GBP/USD intraday bias stays neutral. A rally above 1.3557 targets 1.3657, with the broader uptrend pointing toward 1.4248 resistance.
SNB June minutes show rising inflation concerns but no urgency to act. Policy rate stays at 0% as franc appreciation risks remain elevated.
Gold retreats for a second day amid US-Iran escalation and Strait of Hormuz closure, lifting oil prices and reinforcing Fed rate hike expectations.
Qatar's PM condemned Iranian attacks on commercial ships in the Strait of Hormuz. The US Dollar Index edged up to near 100.90 following the remarks.
Canada, Alberta, and the oil sands alliance have agreed terms for the Pathways project, with Trans Mountain Corp and Pembina Pipeline set to build a new Pacific
Robinhood is pushing into Europe, offering crypto in the UK and perpetuals trading for EU users as it accelerates its international expansion.
The UAE issued then withdrew a missile alert within 2 minutes, briefly lifting oil prices $1 before markets settled on the malfunction news.
Germany's IFO Business Climate Index improved to 85.6 in June, meeting expectations. The Euro showed little immediate reaction to the data.