FxAnalysis

Spot Gold reached fresh all-time highs on Monday, nearing the $4,630 mark and trading nearby in the American session.

AUD/USD is starting to look a bit brighter again. After three straight days on the back foot, the pair has shaken off the weakness and pushed back above the 0.6700 handle, helped along by a renewed bout of selling in the US Dollar (USD).

Gold remains firmly bullish near record highs, with rising global demand and geopolitical risks supporting a potential breakout toward the $5,000 level.

The US Dollar (USD) started the week on a weak note, with EUR/USD trading as high as 1.1695 on Monday, amid political turmoil in the United States (US).

The EUR/USD pair remains under bearish pressure near 1.1600, with traders awaiting US inflation data to determine the next directional breakout.

USD/JPY surged to test 158 on Friday, signaling a potential breakout fueled by yield differentials and persistent yen weakness despite soft US job data.