The Euro ticks down on Wednesday, pulling back to the 1.2000 area at the time of writing, after hitting 1.2080 highs on Tuesday, its highest level since June 2021.

Gold is continuing its record-printing spree early Wednesday, testing offers above the $5,200 level for the first time. Buyers refuse to pause heading into the US Federal Reserve (Fed) policy announcements, due later in the day.

EUR/USD’s upside momentum remains well and sound, always tracking the increasing selling pressure on the US Dollar (USD), which continues to face concerns surrounding trade, the Fed’s independence and shutdown (yes, again).

Silver grabbed investors’ attention a couple of months ago and has doubled in value since then. The white metal was changing hands at around $58 per ounce early December and peaked at a record high of $117.74 on Monday, currently hovering just below the $110.00 mark.

There is no stopping for the AUD/USD’s march north for now, as the Aussie Dollar remains well underpinned by further improvement in the risk-linked universe and the idea that the RBA could start delivering rate hikes in the upcoming months.

The EUR/USD pair keeps grinding north on Tuesday, peaking so far at 1.1932, its highest since mid-2021. The latest US Dollar (USD) selling bout came as United States (US) President Donald Trump decided to escalate trade tensions, this time with South Korea.