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Gold remained steady near the $3,000 mark, close to its all-time high, as investors waited for the U.S. Federal Reserve’s policy decision. The Fed is expected to maintain its interest rates, while global political tensions and trade policies continue influencing the market outlook.
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Global equity markets rose as investors bought undervalued stocks. Momentum indicators showed Wall Street was oversold. Temporary truce prospects in the Ukraine-Russia conflict provided marginal support to risky assets. Despite the rebound, lingering trade war uncertainties and weak U.S. economic data warrant caution. Japan’s economic landscape and U.S. consumer balance sheets are influencing market trends.
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The U.S. dollar remains near a five-month low against the euro and other major currencies due to fears of an economic slowdown from President Trump’s tariff policies. The dollar index has dropped 6% since January. Investors are awaiting guidance from the Federal Reserve’s upcoming meeting and Germany’s vote on a significant stimulus package.
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Oil prices remained largely unchanged in early trading on Tuesday as concerns over global growth, U.S. tariffs, and Russia-Ukraine ceasefire talks balanced out Middle East instability. Talks between Trump and Putin on ending the Ukraine war and their possible impact on Russian crude supply were closely watched by markets.
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