The dollar index fell by -0.28% due to dovish comments from Boston Fed President Susan Collins, hinting at a rate cut at the upcoming FOMC meeting. 98% chance of a -25 bp rate cut priced in. Euro rose by +0.24% on weak dollar and hawkish ECB comments. Yen gained as trade tensions escalated, but limited by Nikkei rally. Gold and silver prices surged on US-China tensions and Fed rate cut expectations. Gold prices pulled back due to hawkish ECB comments. Precious metals buoyed by geopolitical risks, Fed rate cut expectations, and ETF buying.

Read more at Yahoo Finance: Dollar Declines and Gold Soars on Expectations of Fed Rate Cuts