Gold price surge on risk aversion and overcome strong USD – FXStreet
Gold extended its gains to $2,650, shrugging off dollar strength as demand for safe-haven assets increases. The escalating conflict between Russia and Ukraine and President Vladimir Putin's nuclear threat are contributing to the sharp rise in gold prices. Comments from Fed governors provide a range of insights into the potential direction of US monetary policy […]
GBP/USD remains below 1.3300 as risk aversion grows due to rising geopolitical tensions – FXStreet
GBP/USD is facing difficulties due to rising risk aversion sentiment as the Middle East conflict intensifies. Iran fired more than 200 ballistic missiles at Israel and warned that any counterattack would lead to “massive destruction.” Bank of England Governor Green suggested further interest rate cuts were likely as prices were “moving in the right direction”. […]
Chinese State Media Condemn JD Vance for His ‘Aversion to Economic Globalization’
Chinese state-run newspaper Global Times Sen. Vance (R-Ohio) on Thursday said China “experts” worry about a “clear inward-looking or even isolationist tendency” and an “aversion to economic globalization” that runs counter to the Chinese Communist Party’s orthodox ideology. Former President Donald Trump, the Republican nominee for the 2024 presidential election, on Monday selected Vance as […]