Gold (XAUUSD) & Silver Price Forecast: Silver's 762M Oz Drain – Structural Bull Case Intact?
Central banks bought 244 tonnes of gold in early 2026 as silver faces its 6th deficit year, while XAU rebounds at $4,534 Fib with $4,800 in sight.
Fitch: UAE's Exit from OPEC Has No Immediate Impact Due to Lack of Oil Exports
Fitch Ratings states that the UAE's departure from OPEC does not have a direct impact currently because the UAE is not exporting oil at the moment. Additionally, Fitch notes that higher oil prices are somewhat beneficial for both UAE and Saudi credit ratings in the near term.
USD/JPY retreats from multi-month high as Japan's intervention warnings cap upside
USD/JPY retreats from multi-month high as Japan's intervention warnings cap upside
Eurozone Unemployment Rate Holds Steady at 6.2% in March
The Eurozone unemployment rate remained unchanged at 6.2% in March, matching both the previous month's figure and market expectations. This stability indicates consistent labor market conditions in the region.
Eurozone April CPI MoM Matches Estimates at 1.0%, Down from 1.3% Previous
The Eurozone Consumer Price Index (CPI) for April rose by 1.0% month-over-month, aligning with market expectations but down from the 1.3% increase recorded in the previous month. This data indicates a slight moderation in inflationary pressures within the Eurozone economy.
Eurozone Inflation Hits 3.0% in April, Matching Estimates and Rising from Previous 2.6%
The Eurozone Consumer Price Index (CPI) year-over-year for April rose to 3.0%, in line with estimates and up from the previous 2.6%. This indicates a steady increase in inflation within the Eurozone economy.
Gold Holds Near Monthly Lows Amid Persistent Inflation Pressures
Gold is trading at around 4,550 USD per ounce on Thursday, remaining close to its monthly lows. Pressure on the metal continues to build as rising energy prices fuel inflation expectations and increase the likelihood of tighter monetary policy from the world's major central banks.
EUR/GBP: Upside risks seen amid UK politics – ING
EUR/GBP: Upside risks seen amid UK politics – ING
GBP/JPY turns upside down below 216.00 after Japan Katayama's intervention
GBP/JPY turns upside down below 216.00 after Japan Katayama's intervention
USD/JPY and USD/CHF Near Key Levels: The Dollar Supported by the Fed
The US dollar continues to trend upwards following the Federal Reserve meeting, drawing support from the regulator's moderately hawkish stance and comments by Jerome Powell. Markets interpret the Fed's rhetoric as a signal that restrictive policy is likely to remain in place for longer, supporting higher yields and sustaining demand for dollar liquidity.