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Precious Metals Shine, FX Eyes Policy Outlook
Global markets opened Monday with precious metals in focus, as silver surged past $43.00, reaching its highest level since 2011, while gold posted modest gains above $3,650 on growing expectations of Fed policy easing. Oil prices climbed above $63.20 amid geopolitical risks, while the Australian Dollar steadied after RBA Governor Bullock signaled a measured policy outlook. Meanwhile, EUR/USD extended losses below 1.1750 ahead of key Eurozone confidence data. Gold Forecast (XAU/USD) Current Price and Context Gold is trading around $3,685 in early Asian session, showing modest gains above $3,650. The recent Fed rate ... (full story)
