FxAnalysis

Gold reversed early gains on Thursday after hotter US inflation data strengthened the dollar and yields, bringing prices closer to key technical support levels.

Silver prices fell back from key resistance at $39 after strong US inflation data reduced expectations for aggressive Fed rate cuts, keeping the market range-bound.

Bitcoin retreats from record levels as stronger US inflation data tempers Fed rate cut expectations, highlighting its growing correlation with Wall Street sentiment.

Natural gas prices ticked higher Thursday on oversold conditions, yet resistance near $3 and weak seasonal demand keep the market tilted toward further declines.

USD/JPY remains supported by a wide interest rate differential and hot US PPI data, with a breakout above 148 potentially paving the way toward 151.

EUR/USD slides after strong US PPI data fuels doubts over rapid Fed rate cuts, with a break below the 50-day EMA potentially opening the path toward 1.14.