US strikes on Iranian nuclear facilities inject uncertainty into a weakening global economy. Downgraded growth forecasts from major financial institutions are now threatened by potential oil price surges and trade disruptions stemming from escalating conflict. Analysts anticipate further escalation and rising inflation, compounded by looming tariff deadlines, posing significant economic risks.
Gold rises but investors stay cautious about ‘hawkish’ Fed tone
Gold prices saw a slight uptick on Tuesday, despite a minor dip in expectations for U.S. interest rate cuts. Investors are cautiously awaiting the Federal