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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.