Swiss producer prices fell 0.1% in February. EUR/USD weakened, gold remained strong, and Metaverse tokens corrected.
The US may classify VAT taxes as tariffs, potentially increasing costs and prompting retaliatory measures from trading partners.
The US Dollar Index tests support at 103.34, with oversold conditions and resistance at 104.34 amid fluctuations.
UK February RICS housing survey balance falls to +11, lowest since September, with weaker home buyer demand.
Gold prices in Saudi Arabia rose, reflecting global trends. Central banks’ gold purchases influence market fluctuations significantly.
Gold prices in Malaysia rose to 419.36 MYR per gram. Central banks added 1,136 tonnes in 2022.
TD sees the rate cut as protection against tariffs, forecasting a mild recession and cautious monetary policy.
BoJ Governor Ueda expects inflation to accelerate gradually, reducing bond purchases as Japan’s economy and wages improve.
OFAC issued General License 8L, allowing energy transactions with Russian banks until March 12, 2025.
Silver trades at $33.30 per ounce amid safe-haven demand, recession fears, inflation changes, and Federal Reserve speculation.
Insights 
VT 
