Fundamental

Spot Gold trades with a soft tone in the American session on Monday, easing from an early peak of $4,219 a troy ounce and currently hovering in the $4,190 region.

The EUR/USD pair comfortably consolidates around 1.1650 on Monday, with the US Dollar (USD) under mild selling pressure across the FX board. Market participants await fresh United States (US) data and the outcome of the December Federal Reserve (Fed) monetary policy meeting.

Gold (XAU/USD) remains firmly bullish, holding above $4220 with momentum indicators supportive of further gains; while rate-cut expectations drive investor sentiment, traders eye Fed guidance for the next catalyst.

EUR/USD is holding steady near 1.1640 as bullish momentum persists, but narrow trading is expected ahead of the US Fed decision; strong Eurozone data supports the euro, while traders await major US policy signals.

Bitcoin (BTC) clawed its way back above the $90,000 mark on Monday, marking a pivotal moment in what could be a defining moment for the next leg up.

USD/MXN continues its downward trend below 18.20000, with traders eyeing Fed guidance this week for further direction. Momentum favors the downside, but short-term volatility remains a risk.