Daily Forecast

Gold reached a new historic high of $3,650 per ounce

Weak labor market data reinforced expectations of an interest rate cut by the Fed. The Japanese yen fell amid the resignation of the prime minister

Today, investors are focused on the Non-Farm Payrolls labor market report

The weak US labor market is putting pressure on the dollar. In Europe, concerns are growing about the rise in defense spending

The euro and British pound fell sharply amid rising yields on European government bonds. Gold continues to rally

Gold hit a new all-time high. The Japanese yen dropped sharply against the US dollar

PCE inflation showed growth, but this had a minimal impact on the Dollar Index

Today, investors are primarily focused on the PCE price inflation report

Gold rises amid political and institutional uncertainty in relations between the US administration and the Federal Reserve System

The ECB signals a pause, highlighting the strength of the Eurozone labor market. The independence of the US Federal Reserve is under threat from political influence