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Mar 28, 2025
Global markets mixed amid economic volatility
Gold makes historic leap amid global market turmoil
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Gold posts historic jump amid escalating economic concerns Gold prices rose today to $3,080 per ounce, supported by increased demand for safe havens after the US President announced new auto tariffs, raising concerns about escalating global trade tensions and their impact on markets. British Pound Declines Amid Weak Economic Data The British pound fell slightly to $1.2940 today, weighed down by disappointing UK economic data. Investor confidence in the Bank of England's potential to take decisive action to support the economy has weighed on the currency in global markets. |
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Oil prices decline but remain on track for weekly gains
Oil prices fell today to $69.58 a barrel but remain on track for weekly gains, driven by declining US inventories and ongoing global supply concerns.
Rising inflation in Tokyo bolsters expectations of Bank of Japan action
Official data showed that inflation in Tokyo accelerated in March, potentially prompting the Bank of Japan to reconsider its monetary policy in the coming period, as markets await any signals regarding the direction of Japanese monetary policy.