FxAnalysis

Spot Gold keeps challenging gravity, reaching fresh record highs on Wednesday, and advancing for a seventh consecutive day amid persistent risk aversion.

The Australian Dollar (AUD) clawed back ground against the US Dollar (USD) on Wednesday, with AUD/USD reclaiming levels above the 0.6500 mark after Tuesday’s sharp pullback.

Gold (XAU/USD) surges above $3,530 toward record highs as Fed rate cut expectations, safe-haven demand, and tariff concerns fuel bullish momentum.

The EUR/USD pair trades around the 1.1650 area, finding some stability after Tuesday’s wild movements. The pair fell to a fresh one-week low of 1.1608 early in the European session, recovering afterwards.

After falling more than 1% and registering its biggest one-day loss since April on Tuesday, GBP/USD touched its lowest level since early August at 1.3333 in the Asian session on Wednesday.

EUR/USD remains under selling pressure near 1.1600 as rising European bond yields and risk-off sentiment strengthen the US dollar.