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Cautious anticipation in the Middle East londonlovesbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from londonlovesbusiness.com Daily Mail and Mail on Sunday newspapers.
Gold starts week with yet another record high financialmirror.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialmirror.com Daily Mail and Mail on Sunday newspapers.
As Asian session unfolded, the forex markets have been relatively quiet. Precious metals, on the other hand, are making headlines with Gold soaring above new record high above 2350 mark and Silver also rallies significantly. Nikkei is having a notable rebound even though 40k psychological level could remain a strong resistance to cap upside. Oil prices dip slightly on news that Israel is withdrawing more soldiers from southern Gaza, but the retreat is so far limited. ....
These development keeps Swiss Franc and Yen as the worst performers for the day so far. Australian Dollar is leading other commodity currencies higher. Dollar, Euro and Sterling are positioned in the middle with the greenback having a slight disadvantage. ....
In today's relatively subdued markets, the notable development is weakness in commodity currencies, led by Australian Dollar. This decline comes amid a drop in oil prices following Saudi Arabia's decision to cut official selling prices across all regions. Additionally, precious metals have softened in response to rebound in global benchmark treasury yields. The downward trend also extends to industrial metals, which are affected by worsening global economic outlook. ....