Gold prices hit a record high in Asian trade on Thursday, reflecting a sharp decline in the dollar after the Federal Reserve opted to maintain interest rates unchanged and suggested possible rate cuts later in the year.

On Thursday, oil prices rebounded, supported by drawdowns in U.S. crude and gasoline stocks, despite signs indicating that the U.S. Federal Reserve may maintain higher interest rates for a longer period of time.

The Bank of Japan (BOJ) implemented a 0.1% rate hike on Tuesday, its first such adjustment in 17 years, while also ending its negative interest rate policy (NIRP) and yield curve control (YCC) mechanism.

UK’s February inflation fell more than predicted, at 3.4% annually, the lowest since September 2021. While the Bank of England is likely to keep interest rates unchanged today, but cooling inflation could lead to more dovish future guidance.

Designer

Recent Posts

New Archiving Conditions for MT5 Live 1 Accounts

Dear Valued Clients, To further optimize platform resource allocation and enhance service efficiency, STARTRADER will…

8 hours ago

Important Notice: Identity Misuse and Fraud Alert

Dear Valued Client, We are writing to inform you of a recent incident involving the…

10 hours ago

Market Closure in May

Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…

12 hours ago

Important Notice: Historical Data Compression for Cent Accounts on Live 1, Live 2 and Live 4 Server

Dear Valued Client, To enhance your trading experience, we will be performing a historical data…

5 days ago

Important Notice: New Forex Product Launch

Dear Valued Client, We are pleased to announce that STARTRADER has officially launched a new…

6 days ago

New Rules for Pending and Stop Orders

Dear Valued Client, We are pleased to inform you that STARTRADER has updated the order…

1 week ago

This website uses cookies.