Gold extends the range play amid Fed rate cut uncertainty, modest USD downtick
Gold price (XAU/USD) ended in the green on Tuesday and snapped a two-day losing streak to over a one-week low, around the $2,015 region touched the previous day.
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Gold price (XAU/USD) ended in the green on Tuesday and snapped a two-day losing streak to over a one-week low, around the $2,015 region touched the previous day.
The US Dollar (USD) is flat for this week and tilted to move into a negative performance ahead of the US opening bell. The effects from the upbeat US Jobs Report and geopolitical tensions – with ceasefire talks evolving in the Gaza region – are
The EUR/USD pair builds on the previous day's modest bounce from the 1.0720 area, or a near three-month low and gains some positive traction for the second successive day on Wednesday.
The US Dollar Index (DXY) is trading neutrally at 104.15 on Wednesday, while markets assess several Federal Reserve (Fed) officials' statements to continue placing their bets on activity at the next few Federal Open Market Committee (FOMC) meetings.
EUR/USD saw a thin grind higher on Wednesday before a late break to the downside in the US market session followed by a slim recovery into the day’s mid-range.