Fundamental

Gold is once again attempting a bounce above $3,900 as buyers try their luck for the third consecutive day in Asian trading this Thursday.  

EUR/USD snapped its winning streak on Wednesday, pulling back sharply to revisit the 1.1580–1.1570 area, its lowest in two weeks.

Spot Gold recovered the $4,000 mark after bottoming at $3,886.62 earlier in the week, but is currently hovering around the $4,000 mark.

The Australian Dollar (AUD) kept heading north on Wednesday, with AUD/USD breaking above the key 0.6600 mark and touching fresh three-week highs.

The Federal Reserve is expected to cut rates by 25 bps, but Gold has already corrected from record highs.

EUR/USD remains stable near 1.1650, trading within a multi-month range as traders await direction from the Fed and ECB policy announcements later this week.