13 June Economic News

The upcoming meeting of the US Federal Open Market Committee (FOMC) is expected to result in a pause, though this could change if US inflation surpasses projections.

The Euro (EUR) market is currently marked by anticipation, as decisions from both the FOMC and European Central Bank (ECB) regarding inflation and interest rates are expected to affect exchange rates for EUR/USD and EUR/GBP.

Meanwhile, the British pound has strengthened due to positive UK job market reports, prompting the Bank of England to consider raising interest rates by 0.5%.

Market attention is now focused on the upcoming release of US Consumer Price Index data, which may have an impact on currency values and gold prices.

Treasury yields have stabilized as investors prepare for these key events, but it remains unclear whether inflation will exceed expectations and affect real yields, potentially influencing the value of gold in relation to USD (XAU/USD).

This week has seen positive market movements in gold, the Straits Times Index, and Brent crude as investors await the release of US CPI data.