Australian dollar was one of the top gainers among major currencies on Wednesday, after weaker than expected US CPI data revived hopes disinflation is back to play and added to doves advocating for September Fed rate cut. AUDUSD pair advanced 1.35% after release of data and cracked 0.6700 barrier, nearing full retracement of 0.6714/0.6575 pullback […]
Steep rally extends into the fifth straight day on Tuesday, after the metal closed above $2100 level for the first time in history on Monday. Strong demand for safe haven bullion was sparked by further drop in the activity in US manufacturing sector and persistently weak consumer sentiment. Bulls retested key barrier at $2141 (gold’s […]
The post XAU/USD: Gold Retests Record High, Bulls Likely to Take a Breather Before Resuming appeared first on Action Forex.
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