Gold slid 2.25% to $4,545 as stronger dollar, higher yields boost Fed hike bets; key supports cited.
USD/CAD climbs into mid-1.37s, above fair value, breaking resistance; sentiment-driven, eyes 1.3810/20, support 1.3710/20.
US industrial production rose 0.7% in April, beating forecasts; manufacturing gained, capacity utilisation edged higher, dollar firm.
Rabobank model suggests short Hormuz disruption boosts prices; yearlong closure depletes Europe buffers, forcing demand cuts.
U.S. capacity utilization rose to 76.1% in April, topping forecasts of 75.8% and signaling stronger factory activity.
US industrial production climbed 0.7% in April, beating the 0.3% forecast and signaling stronger factory output.
Silver slid nearly 8% as rising Treasury yields and stronger dollar boosted Fed hike expectations, pressuring bullion.
China’s aluminium output exceeded caps amid strong prices; inventories may tighten, risking deficits, bottlenecks, and volatility.
S&P 500’s rally looks vulnerable as selling increases, signalling fading momentum and risk of deeper pullback.
Russia’s central bank reserves climbed to $771bn from $757.5bn, marking a $13.5bn increase overall.
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