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Gold prices (XAU/USD) touched a fresh record high, around the $2,300 mark, during the Asian session on Thursday and remain well supported by a combination of factors.

The Japanese Yen (JPY) ticks higher against its American counterpart during the Asian session on Thursday and looks to build on the previous day's modest bounce from the vicinity of a multi-decade low.

Loretta Mester, President of the Federal Reserve Bank of Cleveland, indicated on Thursday that she would be comfortable with lowering the pace of securities run off the Fed’s balance sheet shortly.

Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday that during the Fed’s meeting last month, he pencilled in two interest rate cuts this year, but if inflation remains low, none may be necessary this year.

The NZD/USD pair attracts some dip-buying during the Asian session on Wednesday and might now be looking to build on the overnight recovery move from levels just below mid-0.5900s, or the YTD low.

The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Wednesday, albeit it lacks follow-through and remains confined in a familiar range held over the past two weeks or so.

The USD/CHF pair enters a bullish consolidation phase during the Asian session on Wednesday and oscillates in a narrow band near its highest level since November 11 touched the previous day.

Further selling pressure prompted the Greenback to retreat further and put the USD Index (DXY) on track to challenge the 104.00 support after weaker-than-expected.

In his remarks at the Stanford Graduate School of Business, Chair Jerome Powell reiterated once again that the policy rate is likely at its peak in the current cycle.

The Japanese Yen (JPY) struggles to capitalize on a modest uptick against its American counterpart during the Asian session on Tuesday and remains well within the striking distance of a multi-decade low touched last week.