Gold prices have softened amid hawkish signals from the US Federal Reserve and a strengthening US Dollar, according to FX Street (UOB). Additionally, an interim US–Iran ceasefire eased inflation concerns and contributed to lower oil prices, further pressuring gold.
Meanwhile, ING has updated its EUR/USD year-end forecast to 1.18, anticipating moderate US Dollar depreciation in the third and fourth quarters. FX Street (ING) attributes this outlook to a relatively dovish Fed stance compared to current market pricing and reduced sensitivity to energy price fluctuations.
For Japanese investors, these developments highlight the ongoing influence of US monetary policy and geopolitical dynamics on precious metals and currency markets, underscoring the need to monitor USD and EUR/USD trends closely amid evolving global conditions.