Daily Market Analysis By zForex

[zForex]

USD Continues to Dominate Markets (03.13.2026)​

Global markets remained dominated by dollar strength as geopolitical tensions and rising energy prices reshaped monetary expectations.

The euro fell toward $1.15, its weakest level in months, as traders fully priced in upcoming ECB rate hikes in response to inflation risks. Meanwhile, the Japanese yen weakened toward levels that previously triggered government intervention, highlighting growing pressure from surging oil prices and imported inflation.

Sterling remained subdued near multi-month lows as investors reassessed the outlook for Bank of England policy amid persistent energy-driven inflation concerns. Offshore yuan weakened to around 6.88 per dollar, extending the previous session’s decline

Precious metals showed mixed performance, with gold recovering modestly despite a strong dollar and rising yields, while silver rebounded toward $85.

Brent crude traded near $100 per barrel after a sharp rally in the previous sessions. International Energy Agency approved a 400-million-barrel reserve release, though supply may take weeks or months to reach buyers.

Nasdaq 100 traded at 24,579, falling 431 points (1.73%) from the previous session. Forecast models suggest levels near 23,530 by the end of the quarter

Technical Outlook on Charts​

Euro Sinks Toward $1.15
Yen Nears Intervention Levels
Gold Recovers to $5,110
Sterling Hovers Near $1.338
Silver Rebounds to $85

Economic Calendar​

 

[zForex]

US Consumer Spending (MoM)
Actual: 0.4%
Forecast: 0.3%
Previous: 0.4%

Consumer spending remains resilient, coming in above expectations, signaling continued strength in the US consumer and supporting economic momentum.

US Real Personal Consumption (MoM)
Actual: 0.1%
Forecast: 0.0%
Previous: 0.1%

Real consumer spending came in slightly above expectations, showing that U.S. household demand remains steady even after adjusting for inflation.

US Core PCE Price Index (Preliminary)
Actual: 2.7%
Forecast: 2.7%
Previous: 2.7%

Core inflation came in line with expectations, showing that underlying price pressures remain stable and still above the Fed’s 2% target.

US GDP Price Index
Actual: 3.8%
Forecast: 3.6%
Previous: 3.6%

The GDP price index came above expectations, indicating stronger price pressures across the broader economy and reinforcing concerns that inflation may remain elevated.

 

[zForex]

Markets Brace for Central Bank Week (03.16.2026)​

Global markets remain dominated by geopolitical tensions and energy risks as the conflict in the Middle East continues to shape investor sentiment. The US dollar index slipped toward the 100 level on Monday, giving back part of last week’s gains

The U.S. dollar strengthened further, pushing the euro to a new yearly low near 1.1440, while the Japanese yen recovered slightly amid fears of possible government intervention near the 160 level. Precious metals remained under pressure, with gold hovering around the key $5,000 level and silver falling toward $80 as rising oil prices and inflation concerns dampened expectations for central bank rate cuts. The offshore yuan strengthened slightly to around 6.901 per dollar, recovering from losses recorded last week.

Brent crude climbed above $104 per barrel, reaching its highest level since July 2022. The rally followed US strikes on Iranian military facilities on Kharg Island.

Nasdaq 100 traded at 24,508, falling 0.62% from the previous session. Over the past four weeks the index has slipped 0.78%, although it still shows a strong 23.70% increase over the past year.

Meanwhile, attention is shifting to a packed week of central bank meetings, where the Federal Reserve, ECB, Bank of England, and Bank of Canada are all expected to hold rates steady while providing guidance on inflation risks and future policy moves.

Technical Outlook on Charts​

Euro Hits Annual Low
Yen Recovers Near 159.5
Gold Nears $5,000 Support
BoE and Other CBs Signal Caution
Silver Drops Toward $80

Economic Calendar​

 

[zForex]

Gold Pullback Targets $4,650-$4,660 Support​

Gold prices have fallen about 5% over the past two weeks as renewed inflation concerns linked to higher energy costs reduced expectations for near-term Federal Reserve rate cuts. Demand for the US dollar as a safe-haven asset has increased, adding pressure to the precious metal.

Energy risks around the Strait of Hormuz, together with rising oil prices, have strengthened the dollar environment. A firmer dollar typically creates challenges for non-yielding assets like gold.

Technically speaking, the first important support level is the $4,957-$4,958 range, which corresponds with the 50-day simple moving average. A move below this zone could intensify selling pressure.

If that level gives way, the $4,650-$4,660 range emerges as the next major downside target. Continued escalation in the region and persistent inflation concerns tied to higher energy costs could push gold toward this important support zone.

 

[zForex]

Fed Facing Stagflation Risk Ahead of FOMC​

The Fed enters the March 17–18 FOMC meeting in a difficult position. On one hand, the Iran war has pushed oil prices higher. On the other hand, US growth is weakening. GDP for Q4 2025 was revised down to 0.7%, payrolls unexpectedly fell by 92K, and unemployment rose to 4.4%.

The key question for the Fed is whether higher oil prices should be treated as an inflation threat requiring tighter policy, or as a shock that slows the economy and may justify rate cuts.

The US Dollar Index has pulled back after reaching a near 10-month high of 100.54 and is currently trading in the 99–100 range as markets wait for signals from the Fed.

 

[zForex]

Dollar Strength Continues Ahead of Central Banks (03.17.2026)​

Markets remained cautious as a stronger U.S. dollar pressured major currency pairs ahead of key central bank decisions.

The impact of the Middle East conflict and volatile oil prices on growth and inflation stayed in focus. Declining oil prices helped ease inflation concerns following the safe passage of several tankers through the Strait of Hormuz.

Brent crude moved back toward $103 per barrel after falling nearly 3% in the previous session. India is reportedly negotiating for six additional vessels, while several countries continue discussions with Iran to secure safe passage for shipments.

Precious metals showed limited recovery, with gold stabilizing near $5,020 as geopolitical tensions capped upside, while silver edged higher on easing oil prices and softer yields.

EUR/USD slipped below 1.1500 amid fading expectations for Federal Reserve rate cuts and ongoing energy-related risks in Europe. The Japanese yen weakened again despite intervention warnings, while sterling hovered near critical support levels under persistent selling pressure. Investor focus now shifts to upcoming Fed and ECB policy signals, which are expected to drive near-term market direction. The People’s Bank of China set the USD/CNH reference rate at 6.8961, stronger than the previous 6.9057 fixing and slightly above the Reuters estimate of 6.8874, indicating a firmer yuan bias.

Nasdaq 100 traded at 24,604, rising 1.13% from the previous session. Over the past four weeks, the index has gained 1.19%, while on a yearly basis it shows a 26.28% increase.

Technical Outlook on Charts​

EUR/USD Breaches 1.1500
Yen Weakens Amid Intervention Threats
Gold Rebounds Near $5,020
GBP/USD Pressured Toward 1.3300
Silver Recovers Above $81

Economic Calendar​

 

[zForex]

Markets Pause Ahead CB Decisions (03.18.2026)​

Global markets entered a holding pattern as investors awaited key central bank decisions from the Federal Reserve, ECB, and Bank of England.

The dollar index hovered near 99.5 on Wednesday, extending its recent pullback as markets turned their attention to the Fed’s policy decision. Rates are expected to remain unchanged, with focus shifting to Chair Jerome Powell’s guidance, particularly on how oil market volatility may shape the outlook.

EUR/USD stabilized near 1.1550 as the dollar paused its recent rally, while the Japanese yen held steady amid ongoing geopolitical developments and diplomatic tensions. Sterling edged higher as traders positioned ahead of policy announcements, with overall market sentiment cautious and highly sensitive to forward guidance from central banks. The offshore yuan traded near 6.88 per dollar, showing resilience.

Markets also assessed reports that Donald Trump asked Xi Jinping to delay their planned summit by about a month to focus on developments in the Middle East.

Precious metals remained subdued, with gold hovering near monthly lows and silver trading sideways as markets priced in a higher-for-longer interest rate environment driven by energy-related inflation risks.

Brent crude slipped below $103 per barrel, giving back part of the previous session’s advance as markets reassessed developments in the Middle East and uncertainty surrounding the Strait of Hormuz.

Nasdaq 100 traded at 24,927, rising 125 points or 0.51% on the session. Over the past four weeks, the index has gained 0.52%, while showing a 26.30% increase year-over-year.

Technical Outlook on Charts​

EUR/USD Steadies Ahead of Fed and ECB
Yen Holds Firm Near 159
Gold Keeps Near $4,990
Sterling Edges Up Ahead of Fed and BoE
Silver Trades Near $79

Economic Calendar​

 

[zForex]

Gold slipped below the key $5,000 level, trading around $4,959 (-0.93%) as downside pressure builds. A stronger dollar and higher real yields continue to outweigh safe-haven demand.

Focus remains on the Fed decision, with markets adjusting positioning. Immediate support sits near $4,954, while a move back above $5,000 is needed to ease pressure.

 

[zForex]

Gold slipped sharply below the key $5,000 level, trading around $4,868 (-2.74%) as selling pressure accelerates. A stronger dollar, rising yields, and reduced rate cut expectations continue to outweigh safe-haven demand.

Focus remains on the Fed decision, with markets adjusting positioning toward a higher-for-longer outlook. Immediate support sits near $4,834, while resistance is now seen around $4,975–$5,000.

Stronger US PPI data has lifted inflation concerns and reduced rate cut expectations. At the same time, higher oil prices tied to Middle East tensions are adding further inflation pressure, limiting the Fed’s room to ease. This combination continues to pressure gold in the short term.

 

[zForex]

Hawkish Fed Weighs on Markets (03.19.2026)​

Markets reacted to a firm Federal Reserve stance as policymakers held rates steady and signaled limited easing ahead, reinforcing U.S. dollar strength. The dollar index held above 100, building on its rebound.

Rates stayed at 3.50%-3.75%, with policymakers pointing to uncertainty tied to the Iran conflict and rising inflation risks. Guidance suggests cuts remain conditional, although projections still show one reduction this year and another in 2027.

The 10-year yield in Japan rose over 5 basis points to around 2.26% after the Bank of Japan kept rates at 0.75%. Board member Hajime Takata dissented again, calling for a hike to 1% as inflation risks tilt higher. US yields followed, with the 10-year Treasury climbing to 4.28%, near its highest since August.

EUR/USD remained stable near 1.1550 as investors balanced Fed guidance with expectations that the ECB will also keep rates unchanged. The Japanese yen weakened toward the 160 level following the Bank of Japan’s decision to hold policy despite internal calls for tightening, while rising oil prices added further pressure. Sterling also came under pressure, breaking key support levels as broader dollar strength dominated sentiment. The offshore yuan edged toward 6.89 per dollar, recovering part of its previous decline.

The US 100 index declined to 24,474, falling 355 points or 1.43% on the session. Over the past month, it has slipped 2.15%, though it remains up 24.38% year-on-year.

Brent crude moved above $110 per barrel, extending its rally as fresh strikes on critical energy infrastructure raised concerns over supply disruptions. Iran targeted a Qatari site linked to the world’s largest LNG export facility, following earlier damage to its South Pars gas field. While Trump acknowledged awareness of the initial Israeli strike, he urged restraint regarding further attacks on energy assets.

Precious metals stayed subdued, with gold stabilizing after a prolonged decline and silver holding near recent lows, reflecting the impact of higher yields and a stronger dollar.

Technical Outlook on Charts​

Euro Holds Stable Near 1.1550
JPY Weakened Toward 160
Gold Stabilizes After Six-Day Slide
Sterling Breaks Support Below 1.3300
Silver Stabilizes Above $75

Economic Calendar​

 

[zForex]

Markets Turn Hawkish in the CB Week (03.20.2026)​

Global markets shifted toward a more hawkish outlook as central banks maintained rates while signaling caution over persistent inflation risks.

The euro climbed to $1.15 after the ECB held rates steady and emphasized a data-driven approach amid rising energy costs linked to Middle East tensions. The Japanese yen recovered as the Bank of Japan maintained a tightening bias, while sterling gained strength following a firm stance from the Bank of England. Despite these currency move.

Precious metals remained under pressure overall, with gold and silver attempting to stabilize after recent losses as higher yields and delayed rate-cut expectations continued to weigh on sentiment.

Brent crude fell below $107 after briefly nearing $120, as comments from Donald Trump and Benjamin Netanyahu eased fears of further infrastructure damage.

Technical Outlook on Charts​

Euro Climbs to $1.15 as ECB Holds Rates
Yen Rebounds to 158 Amid Policy Shifts
Gold Rebounds to $4,700
Sterling Climbs Past $1.33
Silver Recovers to $74 Amid Hawkish Pivot

 

[zForex]

Dollar Dominance Deepens (03.23.2026)​

Global markets remained under pressure as inflation fears tied to the ongoing Iran conflict strengthened the U.S. dollar and reshaped investor positioning.

The dollar index held above 99.5, building on the previous session’s gains as Middle East tensions sustained demand for safe-haven assets.

The US-Israel conflict with Iran entered its fourth week, marked by threats of strikes on Iranian energy facilities and warnings of retaliation from Tehran. Elevated oil prices reinforced inflation concerns, lowering expectations for a near-term Federal Reserve rate cut, while major central banks, including the ECB, BOE, and BOJ, kept rates unchanged but signaled a possible shift toward tighter policy.

Japan’s 10-year government bond yield climbed above 2.3%, moving closer to multi-decade highs as rising oil prices and global inflation risks intensified. The US 10-year Treasury yield rose to around 4.4%, reaching an eight-month high.

The euro fell to $1.156 as traders increased expectations for ECB tightening, while the Japanese yen weakened toward the critical 160 level, raising the risk of potential intervention. Sterling also broke below key support levels, reflecting broad-based dollar strength and worsening technical outlooks across major currency pairs. The offshore yuan weakened to around 6.915, reaching a two-week low as the stronger US dollar.

Precious metals continued to decline, with gold extending its multi-week selloff and silver remaining under pressure as investors shifted toward liquidity in a high-inflation environment.

Brent crude traded above $112 per barrel after reaching $115 earlier in the session, as markets reacted to President Trump’s ultimatum for Iran to reopen the Strait of Hormuz. Oil prices have climbed roughly 50% since the conflict began.

Nasdaq 100 traded at 23,755, falling 457 points (-1.88%) from the previous session. Over the past four weeks, the index declined 4.89%, though it remains 17.71% higher year-on-year.

Technical Outlook on Charts​

EUR/USD Hits $1.156
Yen Approaches Critical 160 Level
Gold Falls Below $4,280
Sterling Breaches 1.3300 Support
Silver Near 61.80 Amid Conflict

 

[zForex]

Gold under pressure, but holding above $4,400​

Gold dropped below $4,200 earlier but quickly bounced back to around $4,408. Selling pressure is still there, driven by higher US yields, a stronger dollar, and fading rate cut expectations.

Inflation concerns remain elevated due to rising energy prices and ongoing Middle East tensions. This keeps real yields high, which continues to weigh on gold.

Flows are also weak. ETF outflows and liquidation during risk moves are adding pressure, showing the market is still adjusting. Short term, momentum looks soft. But the bounce from sub-$4,200 suggests dip buyers are still active.

 

[zForex]

Markets Rebound After Strike Delay (03.24.2026)​

Markets saw a short-lived recovery after the U.S. delayed planned strikes on Iranian energy infrastructure, easing immediate geopolitical pressure.

The dollar index moved back toward 99.5, rebounding after recent declines as uncertainty returned. Ongoing supply risks and higher energy costs continue to support inflation concerns, keeping attention on upcoming US manufacturing data.

Japan’s 10-year government bond yield eased to about 2.27% as softer inflation data reduced expectations for immediate rate increases. Core inflation slowed to 1.6% in February, its weakest pace in nearly two years, while rising energy costs could push inflation higher again.

The US 10-year Treasury yield rose above 4.37% on Tuesday, recovering from earlier losses as tension in the Middle East intensified.

Precious metals stayed under pressure, with gold retreating toward $4,300 and silver slipping further as persistent Middle East tensions and inflation concerns reinforced expectations for tighter monetary policy. Brent crude climbed back above $103 per barrel, recovering from earlier losses as regional tension intensified. The earlier drop in prices followed the delay in US action against Iranian energy sites.

The euro rebounded toward $1.155, while sterling also recovered as the dollar softened slightly. However, underlying risks remain, with the Japanese yen weakening again as rising oil prices continued to pressure Japan’s economy. Overall, the rebound reflects temporary relief rather than a shift in the broader risk-off trend.

Bitcoin traded near $68,000, stabilizing close to a twoweek low as renewed tensions involving the US, Israel, and Iran weighed on risk appetite.

Technical Outlook on Charts​

EUR/USD Recovers to $1.155
Yen Weakens Past 158.5
Gold Retreats Toward $4,300
Sterling Rebounds to $1.34
Silver Slips Below $67

Economic Calendar​

 

[zForex]

The Magnificent 7 are breaking away from the broader market​

The 100-day correlation between the Magnificent 7 index and the S&P 500 equal-weighted index has fallen to -0.27, the lowest since June 2023, signaling that large tech stocks and mid-cap names are moving in opposite directions.

Since 2019, the only deeper negative reading came in Q1-Q2 2023, when AI enthusiasm lifted tech stocks by 45%, while the broader S&P 500 gained just 7%.

The pattern has flipped with the Magnificent 7 underperforming the average stock over the past three months.

Big Tech has entered a new cycle!​

 

[zForex]

Is the Primary Trend in Gold Still Intact?​

Short-term forecasts in this market are risky. During war-driven volatility, conditions change fast and price calls can quickly lose relevance. Still, the broader trend is worth tracking.

The recent drop in gold looks more like a liquidity move than a structural shift. Investors moved to cash, and gold was sold to meet that demand. This type of pressure is usually temporary.

The bigger picture remains supportive. Fiat concerns, rising global debt, and policy uncertainty continue to keep gold relevant as a store of value. At the same time, the risk of stagflation adds another layer of support.

Technically, gold has corrected to more reasonable levels and is holding near the 200-day moving average. As long as it stays above $4,500, the broader uptrend remains intact, with room for a move back toward highs.

 

[zForex]

Metals Rebound on Peace Optimism (03.25.2026)​

Global markets reflected a mix of economic slowdown signals and tentative geopolitical optimism.

The dollar index hovered near 99.1, weighed by easing energy prices and mixed signals on diplomacy, even as Federal Reserve officials indicated rates may remain high to address persistent inflation.

The euro fell below $1.16 as weak Eurozone PMI data and rising energy costs fueled concerns over growth and inflation, while sterling also slipped on similar pressures in the UK. In contrast, the Japanese yen stabilized as falling oil prices and potential intervention discussions offered some relief.

Precious metals rebounded, with gold climbing toward $4,600 and silver gaining strongly, supported by growing hopes of a ceasefire in the Middle East. Despite the rebound in metals, markets remain highly sensitive to both economic data and geopolitical developments.

US stock futures moved higher, with Dow and S&P 500 futures up about 0.7% and Nasdaq 100 futures rising 0.8%, supported by reports of possible US-Iran talks. Attention now turns to upcoming US trade data and corporate earnings.

In energy markets, US natural gas fell to $2.88 per MMBtu, a three-week low, as expectations for resumed Persian Gulf exports and warmer weather reduced demand pressure.

Brent crude dropped roughly 6% toward $98 per barrel, reversing earlier gains as diplomatic signals around the Iran conflict improved sentiment. Reports of a proposed ceasefire and structured negotiations outweighed concerns about continued military deployments.

Bitcoin hovered near $70,480, edging lower by 0.08% from the previous session.

Technical Outlook on Charts​

Euro Slides Below $1.16
Yen Steadies Near 158.7
Gold Rebounds Toward $4,600
Sterling Slips to $1.34
Silver Gains 4% on Ceasefire Hopes

 

[zForex]

Market Round Up​

Russia’s Export Revenue Surge

Russia has become a primary beneficiary of the current oil crisis, with revenues reaching levels not seen since early 2022. Driven by soaring prices and a 40% jump in exports to India, Moscow is earning an estimated $150 million in additional daily revenue. A temporary easing of U.S. sanctions has allowed Indian refiners to process previously stranded Russian crude, further solidifying these flows.

European Aviation and Inflation

In Europe, the energy spike is hitting the travel sector. EasyJet has warned that as its fuel hedging contracts expire, ticket prices will likely climb toward the end of summer. This represents a broader shift where energy driven inflation is being passed directly to consumers, with CEO Kenton Jarvis noting that while hedges offered temporary protection, higher fares are now unavoidable.

Japan Taps Strategic Reserves

Japan is taking aggressive defensive measures, initiating its largest-ever release of strategic oil reserves. Prime Minister Sanae Takaichi authorized the release of 80 million barrels. It is equivalent to 45 days of consumption to stabilize the domestic supply. These steps underscore Japan’s extreme vulnerability as it relies on the Middle East for over 90% of its petroleum needs.

Kuwait’s Supply Constraints

Supply-side risks were highlighted by the Kuwait Petroleum Corporation, which reduced production from over 3 million barrels per day to just 500,000 barrels per day. CEO Sheikh Nawaf Al-Sabah cited unprovoked attacks and the effective closure of the Strait of Hormuz as the cause. Even if the conflict ends immediately, officials warn it could take up to four months to restore full output.

 

[zForex]

Gold rebounds toward $4,600 as dollar softens, but upside still capped​

▪️Gold is holding strong near $4,580 (+2.35%), just below the key $4,600 resistance. The move is supported by a softer dollar and easing oil prices, alongside cautious optimism around Middle East diplomacy.

▪️The bounce follows a sharp correction from March highs, with recent gains driven more by positioning and headlines than a confirmed shift in macro direction.

▪️Geopolitical risks remain elevated. While “goodwill” signals from Iran offer short-term relief, ongoing military activity and troop deployments continue to limit upside conviction.

▪️Fed expectations are still the main driver. Sticky inflation and rate uncertainty keep pressure on gold, while any dovish shift could accelerate the move above $4,600.

▪️There are also early signs of potential central bank gold sales. Countries facing currency pressure may tap reserves, with Turkey’s central bank reportedly preparing measures to limit war-related volatility in the lira, which could translate into additional gold supply.

 

[zForex]

Markets Keep Steady as Oil Eases (03.26.2026)​

Markets showed signs of stabilization as easing oil prices and tentative diplomatic signals around the Middle East reduced immediate inflation pressures.

The dollar index held near 99.6, supported by persistent tension and rising inflation expectations linked to higher energy prices. On the other hand,
The 10-year U.S. Treasury yield advanced to around 4.35%.

Donald Trump is set to travel to Beijing on May 14-15 for a summit with Xi Jinping, after the previously postponed meeting was rescheduled due to regional tensions.

The euro held near $1.16 as expectations for aggressive ECB tightening softened, while sterling also remained steady with fewer rate hikes priced in. In contrast, the Japanese yen weakened further amid a stronger dollar and ongoing geopolitical uncertainty. The offshore yuan weakened to around 6.91 per dollar, extending caution from the previous session

Precious metals struggled to gain direction, with gold stabilizing near $4,500 and silver holding above $71 as investors balanced easing energy costs with still-elevated inflation risks.

U.S. stock futures edged lower, and now the attention has shifted to upcoming jobless claims data for signals on labor market conditions. The Nasdaq 100 traded at 24,222, rising 161 points (0.67%) from the previous session.

Brent crude traded above $103 per barrel, recovering part of the previous session’s losses as the conflict in the Middle East continued to disrupt global energy flows.

Overall, sentiment remains cautious, with markets reacting to both geopolitical developments and shifting monetary policy expectations.

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Euro Steadies Near $1.16​

The euro held close to $1.16 as optimism grew regarding a potential U.S. peace proposal to Iran. While Tehran officially denied negotiations, skepticism was balanced by Brent crude slipping below $100, easing immediate inflation fears. Christine Lagarde signaled that the European Central Bank remains flexible, leading markets to price in fewer interest rate hikes for the remainder of the year.

For EUR/USD, the initial resistance is seen at 1.1610, while the closest support is positioned at 1.1520.

Yen Slips Toward 159.5​

The Japanese yen weakened to approximately 159.5 per dollar on Thursday, marking its third straight session of losses as a strengthening dollar reflected deep Middle East uncertainty. Rising crude prices have intensified inflationary pressure, clouding Japan’s growth prospects. While the arrival of two tankers bypassing the Strait of Hormuz offered minor relief, a former security adviser has now recommended deploying warships to the region to protect vital shipping lanes and secure national energy interests.

Technically, resistance stands near 159.80, while support is firm at 158.80.

Gold Stabilizes Near $4,500​

Gold remained near $4,500 per ounce on Thursday, struggling to extend its recent gains as conflicting Middle East signals unsettled markets. While Washington reports that Donald Trump sent a 15-point peace proposal via Pakistan to reopen the Strait of Hormuz, Iran has officially rejected a ceasefire, maintaining its demand for waterway control. Persistent U.S. troop deployments and high energy costs continue to fuel inflation fears, keeping gold under pressure as central banks lean toward a more hawkish policy stance.

Gold sees support near $4440, while resistance is around $4580.

Sterling Holds Near $1.34​

The British pound remained around $1.34 on optimism that Middle East tensions might de-escalate. Although Iran denied taking part in negotiations, market sentiment was buoyed by these diplomatic signals. Domestic February inflation data showed headline prices steady at 3%, with core CPI rising slightly to 3.2%. These pre-conflict figures had minimal impact, as investors now anticipate only two Bank of England rate hikes by year-end due to cooling oil prices.

From a technical view, support stands near 1.3290, with resistance around 1.3410.

Silver Remains Above $71​

Silver prices remained above $71 per ounce on Thursday, as the market struggled to maintain momentum due to conflicting geopolitical cues. Iran continues to demand full sovereignty over the strategic waterway instead of a diplomatic compromise. This stalemate, combined with ongoing U.S. troop deployments and war-driven energy spikes, has kept inflationary pressures high and central banks hawkish, limiting silver's upside potential.

From a technical view, resistance stands near $73.60 while support is located around $70.00.

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