British Pound Hits Two-Week High Against Yen as Easing US-EU Tensions and Improved Risk Appetite Boost Demand; Markets Eye July Tariff Talks

Forex Update: The British pound climbed to a near two-week high against the Japanese yen, supported by easing trade tensions between the U.S. and Europe and a rebound in global risk sentiment. In the short…

Trump Proposes 50% Tariff on European Goods, Targets Apple with Heavy Tax — Global Markets Tumble, U.S. and European Stocks Plunge

Former U.S. President Donald Trump has ignited global market turmoil with a bold new trade proposal, suggesting tariffs as high as 50% on European Union goods. He also threatened to impose additional taxes on Apple…

Strong U.S. PMI Data Boosts Dollar and Treasury Yields, Gold Plunges Below Key $3,300 Support Level

U.S. May PMI data came in unexpectedly strong, pushing the dollar and Treasury yields higher while sending gold prices tumbling below the $3,300 mark. Despite short-term pressure from technical factors and tighter liquidity, continued central…

Gold Pulls Back to $3,297 as Dollar Rebounds and Stocks Rise — Investors Eye U.S. Economic Data and Key Technical Support

On May 22, 2025, gold prices pulled back to close at $3,297.33 per ounce, after briefly reaching a two-week high. The retreat came as the U.S. dollar strengthened, stock markets advanced, and investors shifted capital…

Trump Signals Prolonged Russia-Ukraine War, Fueling Market Jitters Over Geopolitical Risks; Oil, Gold Volatile as Defense Stocks Rally

Recent comments by former U.S. President Donald Trump suggest that the Russia-Ukraine war could drag on, reigniting global concerns over geopolitical risk. This has triggered volatility in international oil and gold prices, while defense stocks…