Share: Gold price scales higher for the second straight day and climbs to over a one-week high on Monday. Escalating geopolitical tensions in the Middle East provide a strong lift to the safe-haven XAU/USD. Hawkish Fed expectations, elevated US bond yields underpin the USD and cap gains for the metal. Gold price (XAU/USD)
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© Reuters. FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The safe-haven dollar and Japanese yen edged higher on Monday as violence in the Middle East spooked markets, while a blowout U.S. jobs report gave
Share: NZD/USD fills a modest weekly bearish gap opening, though the upside potential seems limited. Geopolitical tensions benefit the safe-haven USD and act as a headwind for the risk-sensitive Kiwi. The uncertainty over the Fed’s rate-hike path caps the USD upside and lends support to the major. The NZD/USD pair attracts some buyers
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Australian Dollar, AUD/USD, BoJ, RBA, Fed, Treasury Yields, ACGB, JGB – Talking Points The Australian Dollar lost its footing going into Monday’s trading session The news of violence erupting in the Middle East has roiled markets Treasury yields and the US Dollar are stretching higher. Will that sink AUD/USD? Recommended by Daniel McCarthy How to
Statement from an Israeli Defense Force spokeperson to the effect that Israel is amassing 100,000 troops, tanks and more in southern Israel. The aim is to take away all military capabilities from Hamas. Once that’s done move so that Hamas will no longer be governing the Gaza Strip. ICYMI: More: BBC pic — As for
© Reuters On Sunday, the U.S. dollar and the Japanese yen slightly increased from their positions late Friday, following violent incidents in Israel over the weekend. This rise indicates the profound impact that Middle Eastern turmoil can have on global financial markets, particularly on the USD. The USD’s status as a safe-haven currency is reinforced