Mitrade_official

Gold price slips amidst rate hike fears

FX:GBPUSD   British Pound / U.S. Dollar
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.

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