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Gold price advances closer to $2,600 on geopolitical risks, subdued USD price action
Gold price (XAU/USD) gains strong positive traction on Monday and reverses a part of last week's sharp decline to the lowest level since September 12.
USD/CAD holds position near 1.4100, four-year highs, Oil prices eyed
USD/CAD trades around 1.4090 during the Asian hours on Monday, holding its ground near the four-year high of 1.4105, which was reached on Friday.
WTI maintains position above $67.00 due to escalating tensions between Russia and Ukraine
The West Texas Intermediate (WTI) Oil price holds steady above $67.00 per barrel during Monday's Asian trading session, reversing a recent decline as escalating tensions between Russia and Ukraine heighten worries over possible supply disruptions.
USD/INR steadies ahead of Fed's Goolsbee speech
The Indian Rupee (INR) flat lines on Monday amid the modest decline in the US Dollar (USD).
Japanese Yen reverses part of Friday's gains against USD after BoJ Ueda's remarks
The Japanese Yen (JPY) drifts lower against its American counterpart and reverses a part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BoJ) Governor Kazuo Ueda's remarks.
Australian Dollar rebounds from three-month lows due to hawkish RBA
The Australian Dollar (AUD) extends its gains for a second consecutive session on Monday, supported by hawkish comments from Reserve Bank of Australia (RBA) Governor Michele Bullock last Thursday.
Biden allows Ukraine to use long-range US weapons to strike inside Russia
Citing two US officials familiar with the decision, CNN News reported on Sunday that US President Joe Biden authorized Ukraine to use powerful long-range American weapons to strike inside Russia.
BoJ's Ueda: Japan's economy recovering moderately
The Bank of Japan (BoJ) Governor Kazuo Ueda said on Monday that the Japanese economy is recovering moderately despite weak signs.
PBOC sets USD/CNY reference rate at 7.1907 vs. 7.1992 previous
On Monday, the People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1907, as compared to Friday's fix of 7.1992 and 7.2312 Reuters estimates.
EUR/USD hovers around 1.0550 near yearly lows amid cautious Fed, dovish ECB
The EUR/USD pair trades around 1.0550 during Monday's Asian trading session, hovering near its yearly low of 1.0496, which was reached on November 14.
NZD/USD strengthens above 0.5850 on New Zealand's stronger data
The NZD/USD pair trades in positive territory near 0.5875 on Monday during the early Asian session.
GBP/USD recovers slightly from multi-month low, remains below mid-1.2600s
The GBP/USD pair kicks off the new week on a subdued note and consolidates in a range above the 1.2600 round-figure mark, or the lowest level since mid-May touched on Friday.
ECB's Cipollone: Central bank should cut rates further to support recovery
European Central Bank (ECB) board member Piero Cipollone said on Friday that central bank should cut interest rates further to support the recovery in the Eurozone and also in the face of potential new trade tariffs in the US, per Reuters.
Gold Price Forecast: XAU/USD recovers above $2,550 as US Dollar enters consolidation mode
The Gold price (XAU/USD) rebounds to near $2,570, snapping the six-day losing streak during the early Asian trading hours on Monday.
AUD/USD posts modest gains above 0.6450 despite stronger US Dollar, eyes on RBA Meeting Minutes
The AUD/USD pair trades on a stronger note around 0.6460 during the early Asian session on Monday.
NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated
The NZD/USD saw a volatile session on Friday, initially soaring to a high around 0.5970 near the 20-day Simple Moving Average (SMA) before erasing all the gains towards 0.5850.
Silver Price Forecast: XAG/USD remains bearish biased, dips below $30.30
Silver's price fell over 0.70% beneath $30.30 after robust US Retail Sales data suggested the Federal Reserve could gradually ease policy.
Gold marks sixth-day of losses on Powell's slightly hawkish rhetoric
Gold prices extended their losses for the sixth straight day, set to achieve weekly losses of over 4%, the largest since September 2023.
Canadian Dollar crumples even further on Friday
The Canadian Dollar (CAD) found fresh lows on Friday as broader markets continues to pivot into the safe haven Greenback.
Australian Dollar finishes the week with a rebound as the USD eases
The AUD/USD pair rose by 0.20% to 0.6460 in Friday's session.
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