From Investing.com: 2025-04-22 05:55:00

US President Donald Trump continues to put pressure on the Federal Reserve to lower interest rates in order to counter the negative effects of his tariff policies on the economy. Gold prices are benefitting from economic uncertainty and a weaker dollar, with investors cautious about US assets. Key levels for gold to watch are at $3,500 resistance and $3,460 support.

The Euro is strengthening against the US dollar due to expectations of further stimulus from the European Central Bank amid trade tensions. The currency has risen over 10% since early March, easing inflationary pressures. Key levels for EUR/USD to watch are at 1.16000 resistance and 1.14000 support.

The Australian dollar hit a four-month high against the US dollar, driven by safe-haven demand after US President Trump supported an interest rate cut. Weaker-than-expected Australian labor data has raised expectations for a rate cut by the Reserve Bank of Australia in May. Key levels for AUD/USD to watch are at 0.64500 resistance and 0.64000 support.



Read more at Investing.com: Gold Shines Bright as Trump Pressures Fed, Tariff Tensions Rattle Markets