United States 20-Year Bond Auction climbed from previous 4.81% to 5.047%

May 21, 2025

GBP/USD soars to new yearly high as UK inflation surges, BoE rate cuts in doubt

The Pound Sterling rose to a new year-to-date (YTD) high of 1.3468 against the US Dollar on Wednesday as UK inflation rose, drifting away from the Bank of England's (BoE) 2% target, which had led to interest rate reductions earlier in the month.

Gold holds above $3,300 as geopolitical risks, US debt woes mount

Gold prices advance by over 0.50% and remain above the $3,300 mark as traders grow increasingly nervous about the United States (US) tax bill vote, along with escalating tensions in the Middle East. XAU/USD trades at $3,307 after bouncing off a daily low of $3,285.