Gold’s rebound is still gathering pace on Monday, pushing beyond $4,260 per troy ounce and marking fresh six-week highs. The move comes even as US Treasury yields climb across the curve, while the Dollar remains under pressure and thus giving the precious metal plenty of upside room.
AUD is pushing higher again on Monday, with AUD/USD chalking up a seventh straight daily gain and breaking comfortably above the 0.6500 zone. From here, traders are eyeing a potential run toward the November highs around 0.6580.
Gold (XAU/USD) has resumed its strong bullish trend, breaking above $4220 resistance and aiming for new record highs amid Fed rate cut expectations and geopolitical developments.
EUR/USD remains in a neutral range near 1.1600, with traders eyeing PMI data and geopolitical developments for a breakout above 1.1700 or a drop below 1.1500.
Ether’s (ETH) price has plunged below $3,000, erasing last week’s gains and heightening fears of a deeper correction.
EUR/USD moves higher at the start of the week and trades around 1.1635 at the time of writing, its highest level in two weeks.