Germany ZEW Survey – Current Situation below forecasts (-77) in May: Actual (-82)

TradingKey - As of the Asian session today (June 25), gold (XAUUSD) was trading at $3,976.90, down 0.54% intraday. Following yesterday's drop below $4,000, gold prices fluctuated near $3,980 today, indicating that the market is awaiting further catalytic signals to determine its short-term direction. Notably, the U.S. May PCE data is scheduled to be released today.

TradingKey - On June 24, Eastern Time, Qualcomm (QCOM) sent a major signal at its Investor Day: the company projects that its data center chip sales will exceed $15 billion by 2029, with revenue from the segment expected to reach $5 billion by fiscal year 2027. Meanwhile, Meta (META) will adopt its Dragonfly C1000 data center CPU, and Microsoft (MSFT) will deploy its HBC chips, marking Qualcomm's official entry into the AI data center market. Following the announcement, Qualcomm shares surged over 12% in after-hours trading.

Nvidia and Micron eased chip-sector anxieties, driving sharp gains in Japanese and South Korean stock markets, with AI stocks such as Kioxia, SK Hynix, and Samsung Electronics leading the rally.

TradingKey - As of today's European session (June 24), gold prices (XAUUSD) maintained a weak downward trend intraday, hitting a near two-week low of $4,050 during the session, indicating clear short-term bearish sentiment in the market. As of press time, gold was trading at $4,077.77, down 0.78% on the day.

TradingKey - The United States is scheduled to release the May PCE price index on June 25, Eastern Time. As one of the Federal Reserve's preferred inflation indicators, it will serve as key data for the short-term market to gauge the Fed's policy path. For investors, the focus is on whether the data can alter interest rate expectations following the Fed's latest hawkish stance.