FxAnalysis

EUR/USD couldn’t find much direction at the start of the week, hovering around the 1.1550–1.1560 band after once again running out of steam near the key 1.1600 barrier.

Spot Gold surged on Monday, briefly surpassing the $4,100 mark, holding nearby in the mid American afternoon. Easing demand for the US Dollar (USD) on prospects that the United States (US) government shutdown may end soon underpinned the bright metal despite an upbeat mood.

The Australian Dollar (AUD) carried last week’s positive momentum into Monday, pushing AUD/USD comfortably above the key 0.6500 level in what’s shaping up to be a promising start to the week.

Silver continues to consolidate above $47, with momentum building toward a potential breakout above $50 or a breakdown below $45.50 for deeper losses.

Gold prices remain stable above $4000, with bullish momentum supported by Fed cut expectations, weaker USD, and central bank demand, possibly targeting $4200 soon.

EUR/USD remains under pressure below 1.1600 as traders watch for US government shutdown resolution and mixed Fed signals, with support eyed at 1.1460.