Gold prices held steady on Friday but notched a weekly gain as the U.S. dollar weakened following the U.S.-Iran truce, though market participants continued to assess its durability and implications for interest rates.
Bank of Japan monetary policy could be an option to tame rising prices by boosting the yen, Japan’s trade minister said on Sunday, as the central bank weighs raising interest rates this month to counter inflation spurred by the Iran war.
Ether may be on the path to retesting $2,500 if the current rally above $2,150 and the bullish spot and futures market volumes pushing prices higher are sustained. Ether is also supported by a key macro indicator that places the altcoin in a rare undervaluation zone not seen since 2022
The Canadian dollar strengthened to a two-week high against its U.S. counterpart as investors pinned hopes on the ceasefire holding in the Middle East and awaited domestic jobs data.
U.S. stocks advanced, as ongoing negotiations toward a peaceful resolution to the six-week Middle East conflict helped ease worries over the fragile U.S.-Iran truce. All three major U.S. stock indexes gained ground after rebounding from an earlier dip as Israel sought talks with Lebanon.
Bitcoin briefly hits new three-week highs before round-tripping its gains. Iran ceasefire relief fails to last as traders demand that bulls reclaim higher levels, while more volatility is due thanks to US inflation reports.
