From Investing.com: 2025-05-23 04:19:00

Gold prices recovered after a 0.61% drop on Thursday due to a stronger USD and concerns over the US budget deficit. The proposed tax plan could add $4 trillion to the deficit, leading to investor scepticism and risk aversion. Gold rose above $3,300 in Asian trading, with focus on the US report for market volatility. Euro fell by 0.46% against the USD amid worries about US fiscal policy and Moody’s downgrade of US credit rating. EUR/USD rose, with attention on upcoming US data for potential market movements.

Bitcoin reached a record high near $112,000 driven by global liquidity flows and risk-on sentiment. The rise is supported by a rebound in global M2 money supply and historical patterns of Bitcoin responding to liquidity shifts. Mixed macroeconomic signals, including strong US job data but elevated continuing claims, are influencing market sentiment. BTC/USD consolidated during Asian trading, awaiting US New Home Sales data for potential market direction.



Read more at Investing.com: Gold Prices Recover Despite Stronger US Dollar and Robust Economic Data