Gold prices are falling on Tuesday as investors flee from safe-haven assets after the announcement of a ceasefire between Israel and Iran. 

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack said on Tuesday that the rate policy could remain on hold for quite some time as the Fed seeks clarity, per Reuters.

The USD/INR pair falls on Tuesday for a third consecutive day, as a pullback in global Crude Oil prices and a weaker Greenback improved the outlook for India’s trade balance.

Canada Consumer Price Index - Core (MoM) fell from previous 0.4% to 0.2% in May

United States Redbook Index (YoY) dipped from previous 5.2% to 4.5% in June 20

The Euro (EUR) is slipping against the Pound today, putting the brakes on a solid run that saw buyers firmly in control for nearly two weeks. The EUR/GBP cross is edging lower, trading around 0.8527 during the American trading hours, down about 0.40% on the day.

United States Housing Price Index (MoM) below expectations (0.1%) in April: Actual (-0.4%)

United States S&P/Case-Shiller Home Price Indices (YoY) came in at 3.4%, below expectations (4.2%) in April

BoC's

According to testimony prepared for delivery at a hearing before the House Financial Services Committee on Tuesday, Federal Reserve (Fed) Chairman Jerome Powell will reiterate that increased tariffs are likely to push up inflation and weigh on economic activity.

Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 1.7% on a yearly basis in May, Statistics Canada reported on Tuesday. This reading aligned with market expectations.

Canada Consumer Price Index (MoM) above forecasts (0.5%) in May: Actual (0.6%)

Canada BoC Consumer Price Index Core (MoM): 0.6% (May) vs 0.5%

Canada Consumer Price Index (YoY) meets forecasts (1.7%) in May

Canada BoC Consumer Price Index Core (YoY) unchanged at 2.5% in May

United States Current Account registered at $-450.2B, below expectations ($-440B) in 1Q

The significant decline in available Copper stocks registered on the LME is also having an impact on the Copper market: The forward curve at the front end is in massive backwardation; the spot price for a ton of Copper climbed back above $10,000 yesterday, bringing the premium on the 3-month contrac

The Japanese yen (JPY) is strengthening sharply, climbing 0.8% against the US Dollar (USD) and outperforming most G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Mexico 1st half-month Inflation below forecasts (0.12%) in June: Actual (0.1%)

Mexico 1st half-month Core Inflation came in at 0.22%, above forecasts (0.18%) in June

Pound Sterling (GBP) is up a notable 0.6% vs. the US Dollar (USD), extending Monday’s impressive gains and pushing back toward its recent multi-year high from mid-June, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is tracking a little higher on the session, with the broader drop in the USD and rebound in risk appetite overshadowing the sharp slide in crude oil prices, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The EUR/USD has been moving in a tight range around 1.1600 on Tuesday's European session, buoyed by a risk appetite, despite accusations of ceasefire violations in the Middle East.

While the Oil price fell significantly after Iran's counterattack, which was widely seen as symbolic rather than a step towards further escalation of the conflict, the Gold price remained resilient yesterday, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

The Pound Sterling (GBP) extends its Monday’s upside move to near 1.3630 against the US Dollar (USD) during European trading hours on Tuesday.

The US Dollar is one of the worst performers on Tuesday, hammered by weaker demand for safe assets, after the ceasefire between Israel and Iran and higher hopes for further Fed easing in the coming months.The DXY, which measures the value of the US Dollar against the world’s six most traded currenci

The Euro (EUR) is up a modest 0.2% vs. the US Dollar (USD), consolidating around 1.16 and threatening a break of its recent multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne EUR and Eric Theoret report.

Dow Jones futures gain sharply during the European trading session on Tuesday due to multiple tailwinds: ceasefire between Israel and Iran, and dovish commentary from a slew of Federal Reserve (Fed) officials, including Fed Vice Chair Michelle Bowman, Governor Christopher Waller, and Chicago Fed Pre

While the 'ceasefire' between Israel and Iran declared by President Trump yesterday looks fragile—Israel is reportedly ordering a new strike on Iran after an alleged breach of the truce—markets continue to trade as if the conflict is over.

Silver (XAG/USD) is bouncing up from a key support area at $35.50 on Tuesday, following a three-day reversal from multi-year highs at $37.35.