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XAU/USD Forecast: Gold reaches records amid escalating US-China trade war
The bright metal soared on Thursday, hitting a fresh all-time high of $3,175.00 a troy ounce during American trading hours. The US Dollar (USD) plummeted on headlines indicating the trade war unleashed by US President Donald Trump is far from over.
Fed's Goolsbee: A tariff is like a stagflationary shock, challenging for Fed
Federal Reserve (Fed) Bank of Chicago President noted on Thursday that the most challenging aspect of managing the US economy from the Fed's side of the data docket is knock-on effects from the US's lopsided trade and tariff policy approach, which poses a direct threat to consumer confidence and out
Fed's Bowman: Tariff impact remains unclear
Federal Reserve (Fed) Board of Governors member Michelle Bowman noted on Thursday that although US growth figures remain healthy overall, and inflation up to this point remains under control, key difficulties still remain ahead.
EUR/USD Price Analysis: Euro surges near 2025 highs as bullish structure strengthens
The EUR/USD pair extended its rally on Thursday's session after the European close, pushing toward the 1.1200 area and posting one of its strongest daily gains in recent months.
President Trump increases tariffs on China to 145%
The White House has confirmed to the media that the effective US tariff rate on Chinese imports now soars to 145%.
Breaking: Gold prices hit an all-time high past $3,170
Gold prices extend their advance and reach a record peak beyond the $3,170 mark per troy ounce on Wednesday.
Fed's Schmid: Tariffs have elevated economic uncertainty
Kansas City Federal Reserve President Jeff Schmid said that he would remain "squarely focused" on inflation and cautioned that new US import taxes could drive prices higher and bolster rising public inflation expectations.
Fed's Logan: Fed's policy stance is well positioned
During her Thursday remarks, Dallas Federal Reserve President Lorie Logan warned that tariffs exceeding expectations would almost certainly spark a surge in both unemployment and inflation.
White House's Miran: President Trump is buying time to create trade deals
Stephen Miran, President Trump's Economic Adviser, argued that the White House's policies are aimed at keeping inflation contained.
BoE's Breeden: US tariffs are the biggest change in trade policy
Bank's of England Deputy Governor Sarah Breeden gave her views on the recently announced US tariffs and their potential economic impact.
CAD holds range but USD undertone is softening - Scotiabank
There was a little confusion around the temporary roll-back of US tariffs yesterday.
USD softer as there are still major challenges - Scotiabank
So the US paused reciprocal tariff action for 90 days on non-retaliating countries but maintained a base line 10% tariff just hours after imposing aggressive levies on its major trading partners. China gets whacked with 125% tariffs though, Scotiabank's Chief FX Strategist Shaun Osborne notes.
ECB: April cut looks likely - Standard Chartered
ECB's April policy meeting could be a close call, but we lean towards a 25bps cut. For now, our base case is a June hold, but we see growing risks of another cut given tariff threats.
JPY outperforms as risk sentiment sours - Scotiabank
Japanese Yen JPY is outperforming nearly all the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP firmer as markets pare bets for BoE easing - Scotiabank
Pound Sterling (GBP) is up about 0.6% vs. the USD and a mid-performer among its G10 peers, climbing back into the 1.29-1.30 congestion range that had prevailed ahead of last week's tariff turbulence, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR well supported on US tariff relief - Scotiabank
Euro (EUR) is entering Thursday's NA session with an impressive 1.1% gain, climbing back toward the upper end of its one-week range and threatening a break to levels last seen in October.
US: Initial Jobless Claims increased to 223K last week
US citizens filing new applications for unemployment insurance ticked a tad higher to 223K for the week ending April 5, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and was higher than the previous week's unrevised tally of 219K.
EUR/USD rallies back above 1.1000 as markets digest Trump's surprise move on tariffs
The EUR/USD pair edges higher and recovers to 1.1050 at the time of writing on Thursday. A whipsaw session on Wednesday saw EUR/USD ranging from 1.1095 all the way down to 1.0913 as United
Gold: Bulls strike back - OCBC
Gold rose back above 3100, from under 3000 overnight as earlier sell-off dissipated. XAU/USD was last at 3123 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
WH Economic Adviser Hassett: Conversations on China have not begun yet
In an interview with CNBC on Thursday, Kevin Hassett, Director of the US National Economic Council (NEC), said that there is a big inventory of deals that are very close to the finish line, per Reuters.
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