interest rate
S&P 500 futures were down 0.11 percent, while Nasdaq futures fell 0.20 percent
The U.S. dollar index hovered close to a two-week high, reducing gold’s appeal for international buyers
Brent has risen 2.7 percent this week, while the WTI has gained 1.1 percent
Fed Chair Jerome Powell has expressed reluctance to cut rates due to anticipated tariff-driven price pressures this summer
Investors are watching closely to see whether Powell emphasizes support for the labor market or prioritizes inflation risks
Services contributed significantly to inflation, adding 1.46 percentage points
Bitcoin fell nearly 3 percent as Ethereum dropped over 5 percent, reflecting broader market volatility
Maintaining these rates aims to ease the debt burden and encourage investment and consumer spending
Significant losses in mega-cap tech stocks like Nvidia contributed to the Nasdaq's sharp decline
The yellow metal reached a near three-week low as the dollar strengthened, impacting investor sentiment significantly
U.S. futures for gold slightly declined, while Fed expectations weigh on market dynamics this week
