From Investing.com: 2025-05-30 04:09:00

Gold prices rebounded by 0.91% on Thursday due to market uncertainty following a US federal appeals court decision upholding President Trump’s tariff policy. This legal back-and-forth reignited safe-haven demand for gold, supported by cautious central bank guidance from the Fed. XAU/USD fell below $3,310 amid risk aversion ahead of the US Personal Consumption Expenditures Price Index report today. The Fed will closely monitor the data for insights into the future path of US inflation.

The euro rose by 0.69% on Thursday after official data confirmed the US economy shrank in Q1. The economic slowdown poses challenges for the Fed, balancing growth support with inflation pressures. Market volatility increased following a federal court ruling on tariffs, impacting the USD. EUR/USD declined during trading sessions as traders await the release of the Personal Consumption Expenditures Price Index, which may influence the Fed’s next move.

Bitcoin retreated by 1.7% on Thursday from its all-time high of $111,980 but remains resilient. Growing institutional engagement and sovereign adoption support Bitcoin as a hedge against macroeconomic risks. The US government creating a Strategic Bitcoin Reserve valued at $20.4 billion further validates Bitcoin’s store-of-value proposition. While near-term volatility is expected, Bitcoin’s strengthening macro fundamentals solidify its position as a core asset in the global financial ecosystem. Traders should focus on the PCE Price Index and UoM Consumer Sentiment data today for potential insights into US monetary policy.



Read more at Investing.com: Gold Prices Rise on Dovish Fed and Geopolitical Tensions Ahead of Key PCE Data