From Investing.com: 2025-06-04 03:07:00

Gold prices dipped by 0.83% as the US dollar strengthened, with investors cautious ahead of the US jobs report. The OECD revised global growth outlook downwards due to escalating trade tensions, warning of further economic slowdown if issues persist. XAU/USD initially rose in Asian trading but gave back gains in early European hours, with focus now on the US Employment Report for potential market volatility.

The euro fell by 0.64% against the USD after eurozone inflation data came in below expectations, increasing speculation of an ECB rate cut. OECD also revised global economic growth projections downwards, citing trade tensions as a major risk. EUR/USD remained steady ahead of US macroeconomic reports, which could impact the pair’s movement.

Despite weak GDP data, the Australian dollar strengthened by 0.51% against the USD, with markets pricing in further RBA rate cuts. Trade tensions between the US and China and Trump’s latest tariffs on steel and aluminium are adding to market uncertainty. AUD/USD fell in Asian and early European trading, with focus now on US macroeconomic reports for potential movement.



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