Gold (XAU/USD) trading is defined by a sharp divide between short-term tactical traders and long-term structural buyers.

Gold has regained the $4,800 level on renewed upside in Asia on Thursday but remains confined within a $200 range so far this week. Gold traders await a breakthrough in the US-Iran peace talks for a fresh directional impetus.

Spot Gold consolidates above the $4,800 mark on Wednesday, marginally lower on a daily basis. Action is limited across the FX board as market players remain in wait-and-see mode ahead of fresh Iran war developments

The Aussie Dollar keeps its robust recovery well in place, opening the door for AUD/USD to a potential challenge of the YTD peaks in levels just shy of 0.7200 the figure recorded in early March.

The silver market has exploded higher on Tuesday, as traders continue to pay close attention to the interest rates in the USA overall. This is an inverse correlation between these markets that are well known.

The AUD/USD pair attracts buyers for the third straight day – also marking the seventh day of a positive move in the previous eight – and climbs to over a one-month high during the first half of the European session on Wednesday.