On Friday, the price of gold remained below 4,700 USD per ounce. For the week, the price is expected to decline by approximately 3.0%, as escalating tensions between the US and Iran over the Strait of Hormuz support rising energy prices and heighten concerns about inflation. Both sides are maintaining their blockades of this strategically […]
The post Gold Falls Nearly 3.0% Over the Week Amid Geopolitical Pressure appeared first on ActionForex.
Dollar is paring back some of this week’s gains as tentative optimism emerges around a possible revival in US–Iran peace talks. The shift in sentiment is modest but notable, with traders dialing down some defensive Read more…
With the Strait of Hormuz still closed to global trade and oil prices hovering at $100 per barrel, airlines are facing an increasingly difficult situation given their reliance on jet fuel. Delta, Air Canada, KLM Read more…
Canada’s retail sales rose 0.7% mom to CAD 72.1B in February, falling short of expectations for a 0.9% increase but still marking a solid gain after recent softness. The advance was relatively broad-based, with sales Read more…