Gold Surges Amid Middle East Tensions; Euro Tumbles Despite Disappointing US Data
From Investing.com: 2024-06-21 04:43:00
Gold prices surged after news of Israeli air strikes in Gaza, hitting a two-week high at $2,360.95 per ounce. Mixed US Unemployment Reports and declining new housing construction data suggest moderate economic activity in Q2. With resistance at $2,380.00, gold has potential for further growth. Meanwhile, the euro depreciated by 0.39% as DXY gained 0.41% due to growing interest rate differentials; SNB and BoE hinted at rate cuts while upcoming elections in France and the UK could boost the dollar. BTC failed to maintain gains above $65,000 despite MicroStrategy acquiring additional 11,931 BTC worth $786 million.
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