Gold price eyes all-time highs on multiple tailwinds
Gold price climbs above $2,460 as the US bond yields and the US Dollar face pressure ahead of the US NFP for July. The Fed appears comfortable with market speculation…
Gold price flirts with weekly top, looks to Fed for the next leg up
Gold price hits weekly high, rising for the second successive day. Geopolitical risks, modest USD downtick and global economic woes underpin the XAU/USD. Traders now look to the Fed policy…
Gold price sticks to modest intraday gains, looks to Fed for fresh directional impetus
A combination of supporting factors assists Gold price to attract some dip-buyers on Tuesday. September Fed rate cut bets undermine the USD and act as a tailwind amid a softer…
Australian Dollar holds gains due to increased odds of Fed rate cut in September
The Australian Dollar gains ground as the RBA is expected to hold interest rates next week. National Australia Bank (NAB) anticipates that the RBA’s cash rate will remain stable at…
Australian Dollar appreciates as US Dollar remains weaker ahead of PCE inflation
The Australian Dollar improves on price recovery of commodities like coal and copper. PBOC’s unexpected lending rate cuts lead to higher commodities prices. The US Dollar may appreciate as recent…
Japanese Yen rises due to carry trades unwinding as BoJ policy meeting looms
The Japanese Yen has reached its 12-week high of 152.64, as recorded on Thursday. Traders unwind their carry trades ahead of the BoJ policy meeting next week. The US Dollar…
Gold price refreshes weekly top amid weaker risk tone, renewed USD selling
Gold price attracts buyers for the second straight day and refreshes weekly top on Wednesday. A softer risk tone and dovish Fed expectations continue to act as a tailwind for…
Japanese Yen appreciates due to risk-off flows
The Japanese Yen extends gains as traders expect the BoJ to raise rates next week. Toshimitsu Motegi, a senior official in the ruling party, urged the BoJ to communicate its…
Gold price holds positive ground above $2,400 mark amid softer US Dollar
Gold price gains some positive traction and snaps a three-day losing streak amid subdued USD demand. The US political development prompts some unwinding of the ‘Trump trade’ and weighs on…
Australian Dollar remains tepid as China’s Third Plenum concludes without solid measures
The Australian Dollar depreciates for the fifth consecutive session on Friday. China’s Third Plenum concluded on Thursday without concrete measures to revitalize the faltering economy. The US Dollar may struggle…
