Gold price rallied early on Thursday to a fresh all-time high of $5,598, as persistent US Dollar (USD) weakness persisted. Financial markets, however, took a dramatic turn in the American session, and the bright metal plummeted towards the $5,100 region, with major slides also among indexes.
AUD/USD is still very much in the big picture of going up, even though the pair is taking a break after its last rise. The bigger picture is still supported by a better risk environment and rising confidence that the Reserve Bank of Australia (RBA) could raise rates as early as next week.
Dogecoin (DOGE) is currently trading around $0.12, holding within a narrow consolidation range after recent volatility.
The EUR/USD is near the 1.19500 level as of this writing with fast conditions still shaking the broad Forex market, this as the currency pair traverses within values it has not seen since June 2021 in a sustained manner.
The USD/ILS is near the 3.08475 ratio as of this morning with a wide spread being seen, this as the broad Forex market continues to be hyper-volatile and financial institutions react.
The EUR/USD pair is under mild selling pressure on Thursday, extending its retracement after peaking at a fresh multi-year high of 1.2082 on Tuesday. The US Dollar (USD) collapsed after United States (US) President Donald Trump said that he was comfortable with a weaker Greenback.