The EUR/USD currency pair ended the week near the 1.1640 level, posting a weekly loss of around 0.7%. The fall came as the US Dollar remained strong against major global currencies.
dollar index
Gold Jumps on US Rate-Cut Bets; Silver Breaks $40 — Highest Since 2011
Fed’s Hammack: Tariff impacts remain uncertain
Federal Reserve outlook: Beth Hammack of the Federal Reserve Bank of Cleveland depicted a fundamentally robust economy, despite inflation persistently surpassing the Fed’s target.
Gold, Silver Rates Today: Slow start for gold, silver on MCX | Check city-wise rates on June 17, 2025
Gold, Silver Rates Today (Tuesday): In the international market, the COMEX gold price was trading at around $3,411 per troy ounce. The spot gold price at 01:15 pm was around $3,392.56 per ounce.
The Fed is ready to free up the US economy with a soft landing
The Federal Reserve will begin a crucial pivot this week, lowering interest rates for the first time in more than four years as it pursues a rare soft landing for the US economy.