The Pound Sterling (GBP) showed some resilience against the US Dollar (USD), holding gains from the previous week’s recovery, when the Bank of England (BoE) opted for a hawkish hold.
Gold (XAU/USD) fell sharply to near the $4,100 mark but managed to reverse its direction as markets grew hopeful for a truce in the Middle East.
Bitcoin is struggling to break above $72,000 as higher rates and soft risk sentiment cap gains, while $64,000 and $60,000 remain the key downside levels.
USD/CHF remains biased higher as interest rate differentials support the dollar, with traders buying dips and watching 0.80 as the next major resistance level.
Silver is struggling around the $70 level as higher interest rates and geopolitical headlines keep pressure on the metal and limit upside momentum.
Gold is struggling under the weight of rising global interest rates, with $4,600 acting as key support while rallies are likely to be sold.