EUR/USD
1.13960
0.233%
Gold
4031.94
0.133%
Oil
69.904
-1.991%
USD/JPY
161.579
-0.134%
GBP/USD
1.32080
0.135%
GBP/JPY
213.420
0.014%
Real-time News
The yield on German two-year government bonds fell to a seven-week low of 2.508% after the release of the European Central Banks consumer expectations survey, down 3 basis points on the day.On June 26th, Fitch Ratings BMI Commodities Research division remained bullish on gold, maintaining its 2026 average gold price forecast of $4,600 per ounce. The firm also believes the Federal Reserve will not make any moves on interest rates this year. As noted last week, the Feds hawkish tone has fueled expectations of rate hikes, posing a significant downside risk to gold. However, as long as inflationary pressures related to the Middle East conflict materialize as expected, and with the recent US-Iran agreement beginning to subside, the most likely outcome is that interest rates will remain unchanged for an extended period. Short-term gold price movements may be driven by Fed policy signals, and precious metals are susceptible to market expectation repricing and a renewed strengthening of the US dollar in the short term.June 26th - A survey released by the European Central Bank (ECB) on Friday showed that eurozone consumers lowered their inflation expectations for the next year in May, while long-term expectations remained stable. This indicates that the ECB is not facing pressure to raise interest rates again quickly. Some ECB policymakers said that further tightening of monetary policy is still needed to curb inflation expectations, but there is still considerable disagreement within the ECB regarding the timing of the next move. The ECB consumer expectations survey showed that consumers expectations for inflation over the next year fell from 4.0% in April to 3.5% in May; their expectations for inflation over the next three and five years remained unchanged at 2.9% and 2.4%, respectively. Based on a survey of approximately 19,000 adults in 11 eurozone countries, the ECB stated: "Uncertainty about inflation expectations over the next 12 months has decreased, but remains higher than before the outbreak of the Middle East wars." As in the past, lower-income groups reported higher current inflation perceptions and expectations than other groups, while younger people reported relatively lower inflation perceptions and expectations. Financial markets currently expect the ECB to raise interest rates one or two more times, with the next rate hike not being fully priced in by the market until the fall.European Central Bank: Consumer pessimism about GDP growth prospects has eased.European Central Bank: Revenue growth is expected to reach 1.0% over the next year (previously forecast at 0.8%).
