Gold prices surged by 0.93% due to tensions between Israel and Iran and Fed dovish shift.

From Investing.com: 2025-06-13 03:19:00

Gold prices surged by 0.93% due to weaker U.S. inflation data and escalating tensions between Israel and Iran, prompting a flight to safety. XAU/USD reached its highest level in over a month, with key levels at $3,500 resistance and $3,400 support.

The euro rose by 0.84% against the U.S. dollar amid uncertainty over Trump’s tariff threats, leading to increased demand for alternative currencies. Soft U.S. inflation data reinforced expectations of additional rate cuts by the Fed, weakening the USD and boosting the appeal of the euro.

Bitcoin fell sharply by 1.77% in Asian trading as Middle East tensions escalated, sparking risk aversion across global markets. Israeli airstrikes on Iran drove investors towards safer assets, including cryptocurrencies, with key BTC/USD levels at $101,180 support and $105,000 resistance.



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