Markets News

The dollar index rebounded by nearly 100 points, and gold plunged more than $130 after hitting the 3,500 mark!

The dollar index rebounded by nearly 100 points, and gold plunged more than $130 after hitting the 3,500 mark!

· Fed - Kashkari: Tariffs will lead to runaway inflation expectations, and no more trade deficit means the US is no longer the best place to invest. This news is negative for the dollar. · U.S. federal funds futures fell back, with the December contract down 9 points, suggesting the Fed will cut interest rates by 80 basis points by the end of the year. This news is bearish for the dollar. · The U.S. Treasury Department announced sanctions against Iran's liquefied petroleum gas giant. This news is bullish for crude oil.

TOPONE Markets Analyst
2025-04-23 08:42:42
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