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Seven major central banks announce their rate decisions within days of each other, as stagflation risks stemming from the US-Iran conflict complicate their monetary policy paths.
USOIL jumps to the highest in nearly four years as the military campaign enters its second week, with oil facilities hit and the Straits of Hormuz remaining effectively shut.
XAG/USD heads for a weekly decline as the dollar outshines it as a safe haven and economic risks weigh, but structural demand drivers can lead to new all-time highs.
Strong Australian growth boosts chances of another RBA rate hike but the pair remains under pressure on safe-haven demand for the US dollar.
The US-Iran conflict has sparked a flight to safety, boosting gold and compounding structural demand from broader de-dollarisation and debasement trends
The pair rises as fiscal worries and growth risks from higher oil prices prevent the Yen from benefiting from risk aversion, while the greenback finds demand.
XAU/USD firms as US President Trump doubles down on tariffs and keeps pressure on Iran, sustaining safe haven demand.
USOIL gets closer to new 2026 highs as Washington-Tehran tensions linger, sustaining supply disruption risks, but fundamentals remain stacked against a prolonged recovery.
The pair slides as New Zealand’s central bank keeps interest rates at 2.25% and maintains an easy policy stance.
Deflation risks linger as CPI cooled in January, underscoring weak consumption, but efforts to spur demand and contain price competition are starting to make a dent.
Doubts have emerged over the precious metals rally after a steep sell-off driven by a dollar rebound, but long-term structural demand drivers continue to support further upside.
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