Gold prices rise to $2,918-2,919 amid economic concerns, weak USD, and geopolitical tensions, facing resistance at $2,900.
The ECB is expected to cut rates; Lagarde’s stance on policy will be key for market reactions.
USD declines as UST yields drop; weak US data; new tariffs raise tensions; safe-haven demand increases.
CBA CEO Matt Comyn expects slower RBA rate cuts, emphasizing inflation challenges and data-driven monetary policy decisions.
The Japanese yen strengthens as global rate concerns grow, impacting USD/JPY, EUR/JPY, AUD/JPY, and CAD/JPY pairs.
Canada plans 25% tariffs on U.S. imports if U.S. tariffs proceed, impacting C$30 billion in goods starting Tuesday.
GBP may test 1.2730 resistance against USD, with support at 1.2645 critical for sustaining upward momentum.
Deutsche Bank expects the ECB to cut rates by 25 basis points to 2.50% on March 6.
Dollar strength depends on equities; tariffs impact currencies. Yen and franc may rise if US stocks fall.
Gold prices may reach $3,000 by 2025 due to inflation, geopolitical instability, and central bank demand.
