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Mar 12, 2025
Gold steady, oil up, dollar pressured by inflation data Global markets are experiencing a state of anticipation and uncertainty today as investors await the release of key economic data, which could determine the course of monetary policy in the coming period. These expectations come amid continued pressure on the US dollar, amid speculation about the upcoming Federal Reserve decisions and their impact on financial markets. Gold and Oil in Focus Gold maintains stability near $2,913 per ounce, with demand for safe havens continuing, especially amid uncertainty surrounding inflation and interest rate trends. Conversely, oil prices rose slightly to $66.67 per barrel, supported by expectations of increased demand and fluctuations in global production. |
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The euro is trading near 1.0917 against the dollar, as traders await any new signals from the European Central Bank regarding its upcoming monetary policy. Meanwhile, the pound sterling is stable at 1.2941 amid caution ahead of any new economic developments.
With US inflation data and other indicators that could influence the Fed's decisions awaiting release, markets will remain cautious, potentially leading to strong movements in currencies and commodities in the coming hours.