Gold prices dropped below the key $4,000 level on Tuesday as easing geopolitical tensions and anticipation of a Fed rate cut triggered profit-taking and bearish momentum.

The euro continued its strong rally against the Japanese yen on Monday, fueled by risk-on sentiment and expectations of further yen weakness ahead of central bank meetings.

The USD/JPY pair climbed on Monday amid improved US-China trade sentiment, with resistance at ¥153 as traders await rate decisions from the Fed and Bank of Japan.

The British pound remained under pressure against the US dollar on Monday, struggling near resistance at 1.34 as traders await the Fed’s rate decision.

The euro posted a quiet rise on Monday, hovering near the 50-day EMA as traders await guidance from the Fed and ECB amid sustained US dollar strength.

Silver tumbled more than 4% on Monday, signaling exhaustion after a prolonged rally, as traders question the sustainability of gains despite looming Fed rate cuts.