Gold is gathering pace early Thursday, after having hit one-week highs above $4,700 on Tuesday. Markets remain expectant of a potential US-Iran peace deal being reached, supporting the renewed uptrend in Gold.
The Aussie Dollar is attempting to break above the ongoing multi-day consolidative phase, with AUD/USD reaching fresh yearly peaks near the 0.7300 barrier. For now, the pair’s positive outlook remains unchanged, propped up by elevated inflation in Oz and the RBA’s cautious stance.
Silver edged higher on Wednesday, as optimism put a halt to US Dollar (USD) demand. Market players welcomed headlines indicating that the United States (US) and Iran were closing in on a deal to end the Middle East conflict.
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The BTC/USD pair continued its recent rally, reaching its highest point since January 31st as the bull run gained steam. Bitcoin jumped to $81,245, up substantially from the year-to-date low of $60,000.
The USD/JPY pair attracts heavy intraday selling on Wednesday and dives to the 155.00 psychological mark, or the lowest level since February 24, though it lacks follow-through.