Asian and US stocks stall as oil and gold climb on weak dollar
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Market Movements: Asian and US stocks showed mixed results, with oil and gold prices rising slightly due to a weakening dollar and improved market sentiment following a ceasefire between Israel and Iran. The euro reached a three-and-a-half-year high amid speculation regarding potential changes in Federal Reserve leadership.
Investor Concerns: Pressure on the U.S. dollar intensified due to concerns over Trump's criticism of Fed Chair Jerome Powell, leading to a decline in the dollar index and increased interest in gold as a safe haven. Despite mixed stock performances, major indexes remain close to record highs.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
