Gold slipped as dollar and yields climbed, despite US-Iran tensions boosting safe-haven demand and volatility.
Silver plunged nearly 10% as dollar and yields surged; technicals signal downside risk amid geopolitical tensions.
New Zealand’s GDT Price Index climbed to 5.7%, up 2.1 points from the previous 3.6% update.
USD/JPY edged higher as yen slipped 0.3%, despite safe-haven demand and Japan finance ministry warnings. Resistance mid-159s.
Sterling slid as Middle East war spurred risk-off trading; Nomura sees BoE March cut decision finely balanced.
RealClearMarkets/TIPP Economic Optimism Index fell to 47.5 in March, missing forecasts and remaining below 50.0.
Spring Statement offered few new measures; borrowing up GBP 6bn by 2030/31, but headroom risks persist.
Amazon shares fell as Iranian drone strikes damaged Middle East data centres, degrading AWS services amid war.
Nomura expects conflict risks to strengthen CHF; SNB likely to intervene via FX purchases, avoiding negative rates.
EUR/GBP slips near 0.8710 as oil, Iran tensions and shifting BoE/ECB expectations boost pound, cap euro.
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