The US dollar dipped to a five-day low as May’s CPI data missed forecasts, fueling safe haven demand. The Swiss franc, yen, and gold rallied, with gold hitting a seven-day high at US$3,370. WTI crude surged 5.5% before profit-taking near its 200-day average. Asian equities fell in tandem with Wall Street, while gold’s price action suggests an end to its recent correction, with potential upside targets at US$3,417–3,435.
12-06-2025 06:17 GMT
by Kelvin Wong