Gold Under Pressure As Hotter US Inflation, Rising Treasury Yields Boost Dollar

The post Indian Rupee: India weighs FX defence as Oil rises – BNY appeared on BitcoinEthereumNews.com. BNY’s Bob Savage reports India is considering emergency steps to protect foreign exchange reserves as higher Oil prices widen the current account deficit. Measures under discussion include fuel price hikes, import restrictions on Gold and electronics, and tighter hedging rules. The Reserve Bank of India (RBI) has already intervened to stabilise the Indian Rupee (INR) after it hit a record low, with reserves near $691bn. Policy toolkit aimed at Rupee stability “India is considering emergency measures to protect foreign exchange reserves amid rising oil prices and a widening current account deficit.” “Proposed steps include hiking fuel prices for the first time since the Iran conflict began, restricting non-essential imports such as gold and electronic goods, and encouraging public fuel conservation.” “Prime Minister Narendra Modi has urged citizens to avoid gold purchases for a year an

The post VanEck sets Bitcoin price target for end of 2026 appeared on BitcoinEthereumNews.com. With Bitcoin (BTC) price having underperformed Gold (XAU) and the broader United States stock market in 2026, Matthew Sigel, the head of digital assets research at VanEck, has made a bold prediction. Bitcoin price could hit $160,000 if it reclaims its all-time high relative to gold, Sigel said. The prediction, analyzed by Finbold on May 12, is based on the BTC/XAU pair recovering to 35x, its previous peak, from its current level of 17.1x. Bitcoin / Gold Cross. US Stock Market Cap / GDP. Source: X Sigel highlighted that Bitcoin is cheap, as it has not followed the broader U.S. stock market. Furthermore, the ratio of the U.S. stock market cap and the country’s gross domestic product (GDP) recently rebounded to an all-time high (ATH). As such, Sigel suggested that BTC price could easily surge beyond his target, since the prediction is pegged on the flagship coin catching up to where equities are

The post Gold: Indian demand risks under Modi call – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank strategists highlight concerns from India’s jewellery industry about a potential further setback in Indian Gold jewellery demand, which is important for the physical Gold market. They note that Prime Minister Modi has urged Indians to avoid Gold purchases for at least a year to protect foreign exchange reserves. Strategists also flag the risk of higher import duties if this appeal fails. Indian jewellery demand faces fresh risks “Despite the recovery in oil prices, gold has almost managed to hold on to the gains made in recent days.” “Meanwhile, India’s jewellery industry fears a further setback in Indian jewellery demand, which is crucial for the physical gold market: Over the weekend, Prime Minister Modi called on Indians to refrain from gold purchases for at least a year in order to preserve the country’s foreign exchange reserves.” “Although India purchased significantl

Persistent inflation pressures, influenced by geopolitical tensions, may delay Fed rate cuts, impacting economic stability and market dynamics. The post April US inflation YoY, above expectations, complicates Fed rate outlook appeared first on Crypto Briefing.

The post Gold Price Forecast: XAU/USD slides to $4,700 ahead of US CPI data appeared on BitcoinEthereumNews.com. Gold (XAU/USD) shows moderate losses on Tuesday, trading a few pips below the $4,700 level at the time of writing after failing to find acceptance above $4,770 earlier on the day. The precious metal remains within previous ranges, but the risk has shifted to the downside as concerns about the US-Iran ceasefire and investors’ cautiousness ahead of the US Consumer Price Index (CPI) release are buoying the US Dollar (USD). US President Donald Trump warned earlier on Tuesday that the ceasefire is on “life support,” and CNN, citing some of his aides, has reported that the president would be seriously considering resuming combat operations. On the macroeconomic front, all eyes are on the US CPI release, due later on Tuesday. Consumer inflation is expected to have surged to a 3.7% annual rate in April, its highest level since September 2023, amid the energy shock from Iran’s war. I

The post Ray Dalio Questions Bitcoin’s Role During Financial Unrest appeared on BitcoinEthereumNews.com. Ray Dalio, founding figure behind Bridgewater Associates, has reshaped the conversation around Bitcoin with his assertion that it falls short as a reliable safe haven during economic turmoil. Published on May 11, his insights reveal a continued preference for gold when uncertainty looms in financial markets. Continue Reading:Ray Dalio Questions Bitcoin’s Role During Financial Unrest Source: https://en.bitcoinhaber.net/ray-dalio-questions-bitcoins-role-during-financial-unrest

The post Gold reverses gains as US CPI data takes center stage appeared on BitcoinEthereumNews.com. Gold (XAU/USD) reverses earlier gains on Tuesday as fading hopes for a near-term breakthrough in US-Iran negotiations and a modest rebound in the US Dollar (USD) weigh on the precious metal ahead of the US Consumer Price Index (CPI) data release. At the time of writing, XAU/USD is trading around $4,694 after hitting a three-week high of $4,773 during the Asian session. US-Iran negotiations remain at an impasse over Iran’s nuclear program. US President Donald Trump told reporters in the Oval Office on Monday that the ceasefire is “on massive life support.” The remarks came after Trump rejected Iran’s latest response to the US-backed peace proposal, calling it “totally unacceptable.” Reports also suggest that the US President is considering a resumption of military operations, alongside a potential restart of “Project Freedom” in the Strait of Hormuz. Meanwhile, Iranian Parliament Speaker

The post Dollar Holds Steady as Middle East Peace Talks Fade appeared on BitcoinEthereumNews.com. The US dollar remained stable as Middle East peace talks stalled and oil prices rose. Brent crude climbed above $104 per barrel while fears around the Strait of Hormuz remain. Traders have largely removed expectations for Federal Reserve rate cuts this year. The US dollar held steady on Tuesday even as hopes for a Middle East peace deal weakened and oil prices climbed higher. Markets are now balancing two opposing forces, i.e., rising geopolitical risk and expectations that central banks will keep interest rates elevated for longer. Investors grew more cautious after Donald Trump described the Iran ceasefire as “on life support” following Tehran’s rejection of the latest US peace proposal. The comments led to fears that the conflict, which began at the end of February, could continue well into the second half of the year. The war has already disrupted energy flows across the region and lef