Market Update

Gold prices surged to $3,386 on June 12, 2025, approaching the $3,400 mark as softer US economic data and escalating Middle East tensions fuel market dynamics. A weakening US dollar, cooling inflation, and persistent labor market softness have intensified expectations for Federal Reserve rate cuts, while geopolitical risks bolster gold’s …

The U.S. Dollar tumbled on June 12, 2025, dropping to 98.00 on the U.S. Dollar Index after May’s U.S. producer price index (PPI) data missed market expectations. Following softer consumer price index (CPI) figures, this second wave of tame inflation data has fueled bets that the Federal Reserve might cut …

The GBP/USD pair surged to 1.3600, up over 0.47% in a single session, and at the time of writing, the pair stabilizes at 1.3588; it is still up 0.37%, driven by softening US economic data and a weakening dollar. Despite a sharp UK economic contraction, the pound has capitalized on …

Tesla’s robotaxi service, slated for a late June 2025 debut in Austin, Texas, promises to reshape urban travel. Starting with 10 to 20 Model Y vehicles in a geofenced zone, the service will use remote teleoperators to ensure safety. By June 28, a Tesla may autonomously deliver itself from factory …

The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased by 2.6% in May compared to the same month last year, in line with forecasts but slightly higher than April’s 2.4% growth. When excluding the volatile food and energy sectors, core prices rose by 3.0% …

The U.S. dollar fell to a new low for 2025 on Thursday, while global stocks eased from record highs, as a mix of rising tensions in the Middle East and concerns over the fragility of a U.S.-China trade truce prompted investors to seek refuge in safe-haven assets. The dollar, which …

U.S. stock index futures fell on Thursday as investors adopted a cautious stance following the announcement of a framework trade agreement between Washington and Beijing, and amid growing tensions in the Middle East. At 05:30 ET (09:30 GMT), Dow Jones Futures were down by 260 points, or 0.6%, S&P 500 …

Britain’s economy faced a significant slowdown in April, as official data released on Thursday showed a larger-than-expected 0.3% contraction in gross domestic output compared to March, marking the biggest monthly drop since October 2023. This decline followed a 0.2% growth in March and exceeded the 0.1% fall forecasted in a …

Bitcoin prices slipped on Thursday following comments from U.S. President Donald Trump, who confirmed progress in trade negotiations with China but also warned that new tariffs on major economies would be announced in the coming weeks. The world’s largest cryptocurrency dropped 1.7% to $107,782.20 as of 2:10 ET (06:10 GMT). …

Gold prices saw a sharp rise in Asian trading on Thursday, as safe-haven demand surged due to escalating concerns over potential military action with Iran and a risk-averse reaction to President Donald Trump’s comments on trade tariffs. Spot gold rose 0.6% to $3,374.94 per ounce, while gold futures for August …