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12 May 2025
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May 12, 2025
Gold price plunges over $100 as US-China deal fuels USD rally
Gold prices tumbled over 3% on Monday, following improvements in risk appetite after weekend discussions between the US and China, which agreed to a 90-day tariff reduction. At the time of writing, the XAU/USD trades at $3,225, having hit a daily high of $3,326.
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May 12, 2025
USD/CAD extends gains on trade optimism, policy divergence, and upcoming US data
The US Dollar (USD) is trading higher against the Canadian Dollar (CAD) at the start of the week, supported by renewed risk appetite following a US–China trade agreement, diverging interest rate expectations, and anticipation of major US economic data.
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