Gold Prices
Gold prices sank about 0.6 percent on Monday, extending losses from last week. The anti-fiat yellow metal inversely tracked a boost to 2-year Treasury yields during the first half of the day. XAU/USD can be quite sensitive to the direction of US Treasury rates. That is because of gold’s inherent lack of return for holding...
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Australian Dollar
Asia-Pacific Market Briefing – AUD/USD May Rise After Rosy US Session The sentiment-linked Australian Dollar pulled cautiously higher on Thursday after US GDP data bolstered risk appetite on Wall Street. At the end of the session, the Dow Jones, S&P 500 and Nasdaq 100 gained 0.61%, 1.1% and 1.76%, respectively. This risk-on dynamic dented demand...
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