Support
Gold's record rally continues
Lingering concerns over US trade policies and economic slowdown fears continue to push investors toward gold
Gold hits record high on safe-haven demand
EUR/USD holds near weekly high
WTI crude oil declines as trade tensions escalate
Financial markets remain volatile as gold extends gains to a fresh all-time high, crude oil faces renewed selling pressure, and the US Dollar struggles amid shifting rate expectations. Uncertainty over trade policies, economic data releases, and central bank outlooks continue to shape market sentiment.
Markets remain focused on key economic releases and trade developments, such as US labor data and global PMI figures for fresh momentum. which will likely set the tone for risk sentiment in the sessions ahead.
Currencies
The Euro consolidates near its weekly peak as the US Dollar remains under pressure, weighed down by Fed rate cut expectations. While trade concerns and ECB caution limit upside for the Euro, upcoming US labor market data and global economic reports could drive fresh moves in the currency pair.
Commodities
Gold prices soar to an all-time high near $2,861, fueled by concerns over trade tensions and expectations of prolonged Federal Reserve easing. A weakening US Dollar provides additional support, though improved risk sentiment—following a tariff delay on Canada and Mexico—may cap further gains.
WTI crude remains under pressure, trading near $72.20 per barrel, marking its third straight decline. China’s new tariffs on US energy exports, along with the US ending a duty-free exemption for low-value imports, have heightened trade uncertainties. Additionally, the US Postal Service's suspension of shipments from China and Hong Kong adds to supply chain disruptions. Weak Chinese PMI data further dampens demand prospects.
