Gold climbed more than 3% and was poised for its best day since March 2023, supported by a decline in the dollar and safe-haven inflows amid escalating U.S.-China trade tensions after Beijing announced more levies on U.S. goods.
The Gold-Dollar pair exploded 3.6% in the last session. The MACD is giving a positive signal.
Support: 2882.7 | Resistance: 3263.4
A U.S. Treasury debt auction of $39 billion in benchmark 10-year notes was well received, showing solid investor demand even after a bond market sell-off driven by an escalating trade war between the United States and its major trading partners led by China
Major stock indexes shot higher, with the Nasdaq last up about 10%, after U.S. President Donald Trump said he had authorized a 90-day pause on many of his reciprocal and 10% tariffs, effective immediately, even as he raised them on China.
Blockchain-based payments network Ripple announced it has acquired crypto-friendly prime broker Hidden Road in one of the largest mergers in the cryptocurrency industry to date. Ripple is acquiring Hidden Road in a $1.25 billion deal, the company officially announced
The U.S. dollar weakened against major currencies including the yen and euro, while China’s offshore yuan hit a record low, amid trade disputes sparked by President Donald Trump’s sweeping tariffs that have roiled markets for three days.
The Dollar-Yen pair fell 0.9% in the last session after gaining as much as 1.0% during the session. The CCI is giving a positive signal.
Support: 143.48 | Resistance: 149.48
The United States said that 104% duties on imports from China will take effect today, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump’s sweeping tariff plan.
