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Daily Market Digest

Forex

Dollar propelled to 20-year high as inflation fears mount

Higher than expected US inflation data propelled the dollar to a new 20-year high on Thursday, with the dollar index climbing to 104.9.

Myrsini Giannouli 13 May 2022

Gold

Gold price plummets as dollar strengthens

Gold price reached a 3-month low 0f $1,819 per ounce on Thursday, pushed down by a strong dollar and US yields.

Myrsini Giannouli 13 May 2022

Oil

Oil prices rise as OPEC misses output goal

Oil prices rallied on Thursday, with WTI testing the $106.4 per barrel resistance.

Myrsini Giannouli 13 May 2022

Bitcoin

Crypto markets crash with Bitcoin price hitting a 16-month low

A strong risk-off sentiment has prevailed since last week, driving investors to safer assets and dampening the appeal of cryptocurrencies.

Myrsini Giannouli 13 May 2022

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