U.S. Core PCE Showed Elevated Price Pressures Prior to US-Iran War
The latest U.S. core PCE report revealed elevated inflationary pressures even before the US-Iran war sparked a surge in energy costs. But why did the dollar react the way it did?
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As we navigate through 2024, investors are faced with a plethora of options when it comes to asset classes. Three of the most talked-about investment avenues are gold, cryptocurrency, and stocks. Each has its unique set of characteristics, benefits, and risks. So, which one would you choose for the rest of the year? Let’s break…
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Gold stays vulnerable as geopolitics and Fed hike bets support USD | FXStreet
Gold (XAU/USD) struggles to gain any traction on Wednesday and oscillates in a narrow band around the $4,500 psychological mark during the Asian session. Persistent geopolitical uncertainties continue to support the safe-haven US Dollar (USD) and act as a headwind for the commodity. Moreover, inflationary concerns have raised expectations for more hawkish central banks, including…
