Gold Prices Rise Amid Weakening US Dollar and Geopolitical Tensions

The Consumer Price Index (CPI) fell 0.1% month-on-month (m/m), below the consensus forecast calling for a modest 0.1% gain. On a twelve-month basis, CPI edged lower by 0.3 percentage points to 3.0%. Lower energy prices – largely attributed to a 3.7% decline in gasoline prices – helped to push down on the headline measure. Grocery […]

Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the Nasdaq index, with which crypto has the closest correlation. At […]

Canada’s merchandise trade balance swung to a $2.3 billion deficit in March, while February’s surplus was revised lower to $476 million. Exports, which fell by 5.3% in March, gave back most of last month’s hefty gain. The contribution to the decline was broad-based, with 9 of 11 sectors falling. Gold and other metal exports continue […]