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Gold price jumps to refresh record high above $3,070 amid Trump's tariff plans
Gold price hits a fresh all-time peak above $3,070 in the Asian session on Friday as escalating global trade tensions, the uncertainty over Trump's reciprocal tariffs, and the risk-off mood continue to drive safe-haven flows. Bets that the Fed will resume its rate-cutting cycle soon lend additional support to the bullion.
USD/JPY falls toward 150.50 after hot Tokyo CPI; US PCE awaited
USD/JPY has come under moderate selling pressure and heads toward 150.50 early Friday. Hot Tokyo CPI figures and BoJ's March Summary of Opinions ramp up BoJ rate hike bets, supporting the Japanese Yen. Meanwhile, tariff jitters undermine the US Dollat, bolstering the haven demand for the Yen.
UPCOMING CALENDAR EVENTS
|
GMT
|
Event
|
Vol.
|
Actual
|
Consensus
|
Previous
|
|---|---|---|---|---|---|
| Thursday, Mar 27 | |||||
| 23:30 |
|
2.9%
|
|
2.8%
Revised from 2.9%
|
|
| 23:30 |
|
1.1%
|
|
0.8%
Revised from 2.2%
|
|
| 23:50 |
|
|
|
|
|
| Friday, Mar 28 | |||||
| 07:00 |
|
|
-23.0
|
-24.7
|
|
| 07:00 |
|
|
0.5%
|
1.0%
|
|
| 07:00 |
|
|
0.4%
|
1.2%
|
|
| 07:00 |
|
|
-0.5%
|
2.1%
|
|
| 07:00 |
|
|
-0.3%
|
1.7%
|
|
| 07:00 |
|
|
0.1%
|
0.1%
|
|
| 07:00 |
|
|
1.4%
|
1.4%
|
|
| 07:00 |
|
|
-0.7%
|
-0.7%
|
|
| 07:00 |
|
|
-3.2%
|
-3.2%
|
|
| 07:00 |
GBP
Current Account
|
|
|
£-24.500B
|
£-18.099B
|
| 07:00 |
|
|
|
£-2.82B
|
|
| 07:00 |
|
|
£-16.800B
|
£-17.447B
|
|
Editors’ Picks
AUD/USD drops below 0.6300 amid trade war fears
AUD/USD drops back below 0.6300 in Friday's Asian trading, undermined by broad risk-aversion due to US President Trump's latest auto tariffs announcements. Traders now look to the US PCE Price Index for some meaningful impetus. Hopes for more stimulus from China could cap the Aussie's decline.
XRP yet to see gains despite Ripple's partnership with Chipper Cash
XRP failed to recover on Thursday, noting a 2% decline despite Ripple's latest partnership with mobile payment services provider Chipper Cash. The collaboration aims to support cross-border payments for Chipper Cash using Ripple Payments.
Crypto Today: ETH and Bitcoin stabilize as market digest Trump’s 25% auto tariff
Cryptocurrencies market capitalization surges by $14 billion on Thursday, hitting the $2.83 trillion mark. Bitcoin ETFs brought in another $89.6 million, reaching nine successive days of net inflows, according to Farside data.