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Gold falls as US bond yields and dollar rise amid growing inflation risks
Gold futures fell sharply by 2.63% as rising inflation risks drove US 10-year Treasury yields to 4.60% and boosted the dollar index. Elevated energy prices from US-Iran geopolitical friction have erased 2026 Fed rate cut expectations.
Broadcom’s AI story strengthens after expansion with Google
Broadcom’s AI narrative has become harder for the market to dismiss after the expansion of its partnership with Google and Anthropic. The latest agreement gives Anthropic access to multiple gigawatts of next-generation TPU capacity starting in 2027.
GBP/USD falls amid weak UK industrial production and political instability
The British pound has descended toward the $1.3400 threshold as lacklustre industrial production data and domestic political turmoil dampened investor appetite.
Euro retreats as strong US PPI and weak industrial output boost dollar
The euro faced renewed downward pressure against the US dollar following a sharp 2.1% contraction in Eurozone industrial production. In contrast, the US Producer Price Index (PPI) surged to 6% year-on-year (YoY), propelled by escalating gasoline costs linked to heightened geopolitical tensions in the Middle East.
German economic sentiment weakens as inflation accelerates; DAX slips
The German DAX index declined as economic sentiment reached -10.2, weighed down by escalating Middle East tensions. Inflation rose to 2.9% due to a surge in energy costs, heightening stagflationary concerns alongside a marginal 0.3% growth rate.
Gold prices waver as fragile US-Iran talks and Trump-Xi meeting fuel uncertainty
Gold prices are currently entering a phase of consolidation as market participants weigh the implications of fragile US–Iran negotiations against the upcoming high-stakes summit between Presidents Trump and Xi. Despite a resilient long-term bullish outlook, short-term volatility persists in the bullion.
Michigan Consumer Sentiment falls to historic low; US Dollar Index retreats
United States consumer sentiment fell to a record low of 48.2 in May, driven by soaring energy costs and mounting concerns regarding trade tariffs. The reading missed market forecasts, reflecting a deepening pessimism among households regarding geopolitical and economic stability.
EU retail sales surpass forecasts but decelerate marginally; Euro retreats
European Union (EU) retail sales outperformed March expectations at 1.2%, though a cooling trend persists as consumer spending reaches a two-year low. A divergent performance across member states, coupled with geopolitical headwinds, has exerted downward pressure on the Euro.
China continues adding gold for an 18th straight month
China continued adding to its gold reserves for an 18th straight month, another sign that major central banks are still slowly diversifying away from heavy dependence on the US dollar.
S&P 500 hits record high on US–Iran deal hopes and strong AMD earnings
US–Iran deal hopes lifted equities and sent oil prices lower, while strong AMD earnings reinforced risk appetite. AMD beat estimates on revenue and EPS, driven by data-centre demand, helping the S&P 500 reach a fresh record high.
