From Investing.com: 2025-05-09 04:13:00

Gold prices fell by 1.74% as trade tensions eased with the US and UK reaching a deal. The Federal Reserve maintained interest rates and warned of rising inflation and weakening labor conditions. Fed Chair Powell stated no plans for preemptive rate cuts. XAU/USD remained steady, with key levels at $3,195 support and $3,435 resistance.

The euro dropped by 0.65% against the USD due to trade deal optimism and Fed statements supporting the dollar. EUR/USD was flat with key levels at 1.13820 resistance and 1.11890 support. Traders should watch for tariff-related news and negotiations.

Bitcoin surged by over 6% to $100,000 amid global tariff concerns. Analysts predict a new high of $120,000 in Q2 of 2025, driven by a shift away from US assets. BTC/USD traded sideways, with price expected to continue within the current trend.



Read more at Investing.com: Gold Prices Drop as US-UK Trade Deal Eases Market Tensions