Gold price slips amidst rate hike fears
As recent inflation levels fail to meet major central banks’ targets, investors expect further interest rate increases. After hitting a near-record high, spot gold plunged
17
to
1
,983.64 an ounce. WTI oil futures edged up $0.50 to $77.87 a barrel. Bitcoin and Ethereum are currently trading lower at
27
,724.0 and
1
,870.79 respectively.
Later tonight, Mitrade expects the German business climate index to rise from 93.3 in March to 94.0. EUR/USD then added 20 pips to 1.0987, and GBP/USD slid 13 pips to 1.2443.
AUD/USD fell 50 pips to 0.6690. Markets in Australia and New Zealand will be closed tomorrow for Anzac Day. USD/CAD climbed 65 pips to 1.3539, while USD/JPY moved down 8 pips to 134.15.
The Nasdaq 100 gained 14 points to 13,000, and the S&P 500 closed 3 points higher at 4,133. The Dow Jones Industrial Average advanced 22 points to 33,808.
17
to
1
,983.64 an ounce. WTI oil futures edged up $0.50 to $77.87 a barrel. Bitcoin and Ethereum are currently trading lower at
27
,724.0 and
1
,870.79 respectively. Later tonight, Mitrade expects the German business climate index to rise from 93.3 in March to 94.0. EUR/USD then added 20 pips to 1.0987, and GBP/USD slid 13 pips to 1.2443.
AUD/USD fell 50 pips to 0.6690. Markets in Australia and New Zealand will be closed tomorrow for Anzac Day. USD/CAD climbed 65 pips to 1.3539, while USD/JPY moved down 8 pips to 134.15.
The Nasdaq 100 gained 14 points to 13,000, and the S&P 500 closed 3 points higher at 4,133. The Dow Jones Industrial Average advanced 22 points to 33,808.