Gold Hits $4650, Oil Drops as Trump Pauses Project Freedom

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Published: 3 days ago

Gold surged to $4650 driven by dollar weakness and Iran peace hopes, while oil prices declined. China's services PMI rose to 52.6 in April from 52.1. NAB expects RBA rate hike to 4.60% in June citing Middle East inflation pressures. AUD faces conflicting signals from hawkish RBA expectations versus global risk sentiment shifts. Dollar weakness from geopolitical developments and gold's surge indicate potential broader USD selling pressure across major pairs.

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