Gold dips sharply as Fed negate rate-cut speculation for March, US PMI eyed
Gold price (XAU/USD) recovers swiftly in Thursday’s early New York session.
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Gold price (XAU/USD) recovers swiftly in Thursday’s early New York session.
The US Dollar (USD) is currently trading at 103.05, with a declining trend, largely triggered by the release of soft labor market data on Thursday that outshadowed strong ISM PMIs figures.
The Canadian Dollar (CAD) is broadly mixed against a basket of major currencies on Thursday but sees some gains against the US Dollar (USD).
The Australian Bureau of Statistics (ABS) will release two different inflation reports on Wednesday.
The Australian Dollar (AUD) remains on a downtrend on Wednesday after Australian inflation slowed more than anticipated in the December quarter.