Gold is on a retreat from six-week highs of $4,265 reached on Monday, experiencing some volatility around the $4,200 threshold early Tuesday.

EUR/USD maintains its optimism well in place, advancing for the sixth consecutive day and looking to leave behind the 1.1600 barrier on a more sustainable tone on Monday.

Gold’s rebound is still gathering pace on Monday, pushing beyond $4,260 per troy ounce and marking fresh six-week highs. The move comes even as US Treasury yields climb across the curve, while the Dollar remains under pressure and thus giving the precious metal plenty of upside room.

AUD is pushing higher again on Monday, with AUD/USD chalking up a seventh straight daily gain and breaking comfortably above the 0.6500 zone. From here, traders are eyeing a potential run toward the November highs around 0.6580.

Gold (XAU/USD) has resumed its strong bullish trend, breaking above $4220 resistance and aiming for new record highs amid Fed rate cut expectations and geopolitical developments.

EUR/USD remains in a neutral range near 1.1600, with traders eyeing PMI data and geopolitical developments for a breakout above 1.1700 or a drop below 1.1500.