Gold prices tumbled over 2% on Monday. A stronger US dollar made the precious metal more expensive for global buyers. Higher energy costs fueled inflation worries, delaying anticipated interest rate cuts. Investors are now less hopeful for a June rate reduction. Silver, platinum, and palladium also saw significant declines.Read More
The dollar surged to a three-month high against the euro as oil prices surpassed $100 a barrel, prompting investors to seek safety amid fears of disrupted global energy supplies. The ongoing conflict in the Middle East, coupled with Iran’s naming of a new Supreme Leader, intensified concerns about further supply disruptions and their impact on global growth and inflation.Read More
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