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Gold price (XAU/USD) continues to advance amid the escalating Middle East crisis as US President Joe Biden has pledged to retaliate for unmanned aerial drone attacks on US service personnel near northeastern Jordan, near the Syrian border.
EUR/USD trades lower around 1.0840 during the Asian session on Monday, retracing its recent gains.
The Pound Sterling (GBP) remains lackluster in Monday’s European session as investors appear to have sidelined ahead of the interest rate announcements by the Bank of England (BoE) and the Federal Reserve (Fed).
The Australian Dollar (AUD) trades higher on Monday, recovering its recent losses in the previous session.
Silver price (XAG/USD) jumps to near $23 as deepening geopolitical tensions improve appeal for bullions.