Fundamental

Keir Starmer resigned on Monday, and the Pound barely moved. That near-silence is the tell.

Gold (XAU/USD) recovers slightly from a nearly two-week low, around the $4,050 region, touched earlier this Wednesday.

The Aussie Dollar continues to lose momentum, remaining unable to not only find a catalyst that prevents the currency from falling further but also reverse course and resume its uptrend.

Silver trades around $62 per ounce on Tuesday, not far from the 2026 low of $61.01 posted in March. King Dollar regained its crown after the Federal Reserve shifted to a hawkish stance at its June meeting, with easing tensions in the Middle East also helping.

Keir Starmer’s resignation as the United Kingdom (UK) Prime Minister comes ten years after the Brexit referendum vote, a coincidence that financial markets have been quick to note.

Gold is resuming its downside momentum toward $4,100 early Tuesday, following a temporary reversal seen a day ago.