Gold Extends Rally While Major Pairs Hold Firm Ahead of U.S. Labor Data

XAUUSD XAUUSD tracked a 52.06-point session range (1.47% of the open) between 01:00 and 23:57 GMT, setting a fresh 5‑day and 10‑day high. The low printed early at 3526.45 at 02:44 GMT, while the high came late at 3578.51 at 21:15 GMT, aligning with the 3570 handle and matching the 10‑day high marker. The market settled at 3559.72, up 28.0 points…

Steady Gains Across Majors as Gold and Sterling Set Fresh Highs

XAUUSD XAUUSD posted a fresh 5‑day and 10‑day high at 3489.83 at 06:40 GMT and settled at 3476.17 by the 18:29 GMT close, up 26.53 on the session or 0.769% from the 22:00 GMT open at 3449.64. The intraday range spanned 52.79 (about 1.53% of the open), framed by an early low at 3437.04 at 01:26 GMT and the later high.…

Australian Dollar Face Tests: RBA Easing Bet, Risk Sentiment

On Wednesday, the latest Australian Monthly CPI Indicator showed headline inflation rising by 2.1% year-on-year in May, down from 2.4% in April—marking the slowest annual increase since October 2024. The trimmed mean CPI—the RBA’s preferred core inflation gauge—also eased to 2.4% YoY, its lowest level since November 2021. RBA Policy Expectations Shift With inflation slowing significantly and falling to the…

Gold and Oil at a Crossroads as Geopolitical Risks Recede

Tensions in the Middle East took a dramatic turn on Monday after U.S. President Trump announced a “complete and total” ceasefire between Israel and Iran, following nearly two weeks of intense military confrontation. The ceasefire—reportedly brokered through Qatar—came after a series of retaliatory missile and drone strikes that had destabilized the region and rattled global financial markets over the past…

Geopolitical & Economic Outlook to Drive Market Sentiment

Global equities opened the week on a weaker note, driven by heightened geopolitical tensions following U.S. airstrikes on Iran’s nuclear facilities. Meanwhile, last week’s central bank decisions were largely in line with expectations, prompting markets to shift focus toward upcoming economic data and geopolitical developments. Market Focus: Data and Geopolitical Events With most major central banks now adopting a data-dependent…