Markets on Edge Ahead of Fed: Gold Soars, Dollar Mixed, Majors React

From monetamarkets.com

Global markets kicked off Tuesday with heightened volatility as investors position themselves ahead of key central bank decisions. Gold (XAU/USD) hovers near record highs, supported by persistent Fed rate cut bets weighing on the US Dollar (DXY). Meanwhile, the UK labor report is in focus for the British Pound (GBP/USD), while expectations of a BoJ rate hike boost the Japanese Yen (USD/JPY). The Australian Dollar (AUD/USD) trades weaker despite a softer dollar backdrop, and the Canadian Dollar (USD/CAD) gains ground, supported by rising oil prices. Gold (XAU/USD) is trading near record highs around $3,660, supported ... (full story)