Gold slips as dollar and yields rise before Fed decision; hot PPI, geopolitics pressure XAU/USD outlook.
WTI rose near $97.50 as Middle East strikes threatened supply; Iraqi exports resumed, US inventories climbed.
Macklem says BoC will decide meeting-by-meeting, assessing Iran conflict, energy-driven inflation risks, and growth weakness.
Bank of Canada held 2.25%, dropped rate guidance; TD sees easing bias, Middle East conflict lifting USD/CAD.
USD/CAD pared gains after BoC held rates, boosting loonie; upside capped as firm dollar awaited Fed decision.
ABN AMRO explains how oil and gas shocks shift ECB rate expectations and German Bund yields dynamics.
ING’s Schroeder expects Fed to hold rates; oil and inflation expectations curb cuts; forecasts, balance sheet watched.
US EIA data showed crude inventories rose 6.156 million barrels, far above the 0.4 million expected.
Canadian card spending edged up in February, but discretionary goods fell; core retail improved slightly overall.
Copper prices weaken as LME inventories hit highest since 2019, signaling softer demand and reduced bullish bets.
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