Australian Dollar hovers above a psychological level after intraday gains, US PPI eyed
Australian Dollar gains strength after the release of the mixed Chinese data. Australian currency retraces its recent losses on risk-on mood. Chinese CPI YoY fell by 0.3% and the monthly…
Gold price sticks to intraday gains despite modest USD strength, rising US bond yields
Gold price regains positive traction and stalls its corrective slide from a multi-week top. Dovish Fed expectations and geopolitical risks continue to lend support to the XAU/USD. Rising US bond…
Gold price trades with modest intraday gains, lacks bullish conviction
Gold price gains some positive traction during the Asian session on Thursday amid a softer risk tone. The US Dollar builds on the overnight bounce from a two-month low and…
Australian Dollar trims intraday gains ahead of US inflation data
Australian Dollar treads water while the US Dollar looks to recover losses. Australia’s consumer sentiment declined by 2.6% in November, compared to the previous growth of 2.9%. Greenback could gain…
