U.S. Economy Shows Resilience Amid Geopolitical Risks, Barclays Cautious
The U.S. economy is growing moderately at 2.3% in Q1, driven by government spending and AI investments, despite weak consumer spending. Barclays anticipates steady growth with potential Fed rate cuts starting in late 2026 but warns that ongoing geopolitical tensions could challenge economic stability.
Debate on AI-Driven Productivity's Impact on Interest Rates
Fed chair nominee Kevin Warsh believes AI-driven productivity gains could enable lower interest rates without triggering inflation. However, economist Ed Yardeni counters that stronger growth may raise the neutral interest rate, cautioning that cutting rates too low could lead to financial instability.
Gold (XAUUSD) Price Forecast: Gold Price Stalls Below 50-Day MA, Dollar Weighs
Gold price slips as dollar and yields rise on renewed U.S.-Iran tension; XAUUSD tests support while traders watch key levels for the next move.
Gold forecast: What's next for XAU/USD amid re-escalation of tensions?
Gold prices gapped lower overnight but have since pushed higher to almost get back to the closing level of Friday's session. The situation in the Middle East has clearly intensified again in the last couple of days, shifting our gold forecast tilted slightly to the downside amid increased risks of another sharp spike in oil prices, which could result in a higher dollar and bond yields.
Kuwait Declares Force Majeure on Oil Exports Amid Hormuz Strait Shipment Halt
Kuwait has declared force majeure on its oil exports following a suspension of shipments through the strategically vital Hormuz Strait. This disruption could impact global oil supply and market dynamics.
Canada's March CPI Rises 2.4% Year-on-Year, Below Estimates
Canada's Consumer Price Index (CPI) increased by 2.4% year-on-year in March, higher than the previous 1.8% but slightly below the estimated 2.6%. This data indicates a moderate inflation trend in the Canadian economy for the month.
Canada March CPI MoM Rises 0.9%, Below Estimates
Canada's Consumer Price Index (CPI) increased by 0.9% month-over-month in March, higher than the previous 0.5% but below the estimated 1.1%. This moderate inflation reading may influence the Bank of Canada's monetary policy decisions.
Trump Administration to Begin Refunding $166 Billion in Tariffs
The Trump administration has announced plans to refund $166 billion collected from tariffs. This move signals a significant policy shift impacting trade and economic relations.
Gold steadies after gap lower as markets assess US-Iran developments
Gold steadies after gap lower as markets assess US-Iran developments
Gold Price Forecast: XAU/USD remains trapped in a range below $4,850
Gold Price Forecast: XAU/USD remains trapped in a range below $4,850