Gold prices sink and reach their lowest level since early April, pressured by a stronger U.S. dollar and rising Treasury yields, a combination of developments that is challenging the metal’s bullish outlook.

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Optimism around a deal to raise the debt ceiling lifted sentiment but DXY appears supported by better than feared economic data, rising rate expectations and yields

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Brent and WTI crude oil prices have recovered since early May lows as markets look to Fed speak, supply disruptions and the US debt ceiling for guidance.

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US debt ceiling talks yesterday between President Biden and House Speaker McCarthy may have paved the way for an agreement to be reached, giving risk markets, including the cryptocurrency space, a boost.

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The Euro is looking to arrest its slide against the Greenback as market sentiment improves and key confluence area comes into play. A bounce in store for EURUSD from the 1.0800 handle?

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