FxAnalysis

Gold regains composure, leaves behind Tuesday’s slight pullback, and revisits the area beyond the $4,200 mark per troy ounce on Wednesday.

The Australian Dollar (AUD) adds to Tuesday’s decent gains, with AUD/USD advancing to just pips away from the key 0.6600 barrier for the first time since late October on Wednesday.

Gold remains in a firmly bullish trend despite a recent pullback, with traders eyeing $4140 as a buying opportunity amid strong central bank demand, dollar softness, and supportive technicals.

EUR/USD trades around 1.1660 on Wednesday, up 0.30% on the day, supported by renewed demand for the single currency and a weakening US Dollar (USD).

USD/MXN continues to hover near long-term support at 18.25 as sellers cautiously dominate ahead of the December 10 FOMC decision, with choppy conditions expected to persist in the short term.

EUR/USD trades neutrally near 1.1600 as stronger-than-expected inflation data offers modest support, but bulls need a stronger catalyst—like ECB commentary or U.S. labor data—to break decisively toward 1.1800.