📈 Gold Hits Record High

Gold prices have surged to $2,733 per ounce, marking a new record high. This increase is primarily driven by geopolitical tensions and strong demand for safe-haven assets. Concerns over conflict in regions like the Middle East have prompted investors to turn to gold to protect their assets.

💵 USD Soars

The U.S. dollar is experiencing a significant rise due to high interest rates in the U.S., attracting international capital. Additionally, expectations surrounding Donald Trump’s potential victory in the upcoming presidential election are enhancing the appeal of the USD.

💶 Euro Weakens

The Euro has fallen to its lowest level in two and a half years due to interest rate differentials with the U.S. While the Fed maintains a high-interest rate policy, the European Central Bank is keeping its monetary policy less stringent, causing the Euro to weaken against the USD.

🔥 Energy Risks

Tensions between Israel and Iran pose a threat to global oil supply chains. Instability in the Middle East may lead to disruptions in oil production and exports, putting pressure on energy prices and impacting the global economy.

Conclusion

Markets will continue to monitor key economic data, including upcoming employment figures and the consumer index. These reports will provide clearer insights into the direction of monetary policy and may lead to significant market fluctuations.