Analyzes

Gold breaks above $4,500 to a new record high, driven by US dollar weakness, escalating geopolitical tensions, and expectations of future interest rate cuts.

USD/ILS slips into lower territory below 3.20, reflecting sustained Israeli shekel strength while holiday-thinned liquidity urges trader caution.

USD/MYR continues its bearish trajectory toward the 4.00 level, driven by sustained ringgit strength, weakening USD sentiment, and very thin holiday trading volumes.

The Canadian dollar extends gains as USD/CAD breaks key support, with downside risk toward 1.3550 while broader US dollar weakness remains the main driver.

Financial markets are on pause as the Christmas holidays begin.

The British pound extends gains against the US dollar, with 1.35 acting as a key pivot and upside toward 1.37 if dollar weakness continues.