Higher-than-expected US inflation data strengthened the case for Fed tightening and paved the way for a stronger US Dollar. Fed officials are preparing markets for a potential 50bps rate hike…
The recent cryptocurrency rally came to an abrupt halt Thursday as US Treasury yields jumped on heightened inflation worries. These losses are being pared going into the Superbowl weekend.
Oil prices could rise in the short term on fears that Russia could invade Ukraine soon, creating a situation that could disrupt energy supplies to Europe.
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Gold, oil and the US Dollar all caught a bid during Friday’s session as reports surfaced suggesting that Russia could invade Ukraine as early as next week.