Dollar weakened as Middle East tensions eased, leading to higher gold and silver prices.

From Yahoo Finance.: 2025-06-25 15:47:00

The dollar index fell by 0.20% as the ceasefire between Israel and Iran reduced safe-haven demand. US new home sales fell by 13.7% m/m. Fed officials, including Chair Powell, are in no hurry to cut rates. The euro rose by 0.47%, reaching a 3-1/2 year high. Eurozone new car registrations increased by 1.6% y/y.

Swaps predict a 9% chance of a rate cut by the ECB. The yen rose by 0.15% as the ceasefire reduced demand. The BOJ meeting was dovish, keeping rates unchanged. Japan’s May PPI services prices rose by 3.3% y/y. Yen gains were limited due to T-note yields and hawkish comments from BOJ member Tamura.

Gold and silver prices rose as the dollar fell. Precious metals are boosted by tariff concerns. Fund buying supports gold and silver prices. Gains were limited due to the Israel-Iran ceasefire and hawkish central bank comments. Gold and silver ETF holdings are at multi-year highs.



Read more at Yahoo Finance.: Dollar Undercut by Reduced Middle East Tensions