From Investing.com: 2025-05-02 04:43:00

Gold prices fell by 1.51% after hitting record highs, reaching a two-week low of $3,224 as the U.S. dollar strengthened. Despite concerns about the global economic slowdown, gold remains a focus for investors seeking a safe-haven asset. XAU/USD rose by 0.44% but traders are advised to watch the U.S. personal consumption expenditures report for potential impact on precious metals.

The euro lost 0.34% against the USD as the European Central Bank signaled a potential interest rate cut due to subdued growth and inflation concerns. New U.S. tariffs pose challenges for eurozone exports. EUR/USD rose slightly and traders should monitor eurozone economic sentiment and U.S. nonfarm payroll reports for potential volatility.

Bitcoin’s price surge is being driven by institutional inflows and supportive regulatory actions, with spot Bitcoin ETFs boosting institutional adoption. Despite MicroStrategy’s quarterly loss from Bitcoin holdings, the firm remains committed to its Bitcoin strategy. BTC/USD declined slightly and awaits U.S. nonfarm payroll data for potential market impact.



Read more at Investing.com: Gold Prices Drop as US Dollar Strengthens Ahead of Key Jobs Data