Gold Pulls Back from One-Week High as Dollar Rebounds; Fed September Rate Cut Bets Provide Support
Gold prices (XAU/USD) slipped from the $3,369 mark—a level last seen over a week ago—during Monday’s Asian session, pausing a steady recovery from last week’s one-month low. The retreat comes as the US Dollar regains modest footing at the start of the week, supported by a small rebound in Treasury yields. This limited appetite for […]
EUR/USD Holds Firm Near 1.1570 as US Dollar Weakens on Data Credibility Concerns
The EUR/USD pair is holding steady near 1.1570 in Monday’s late Asian session, extending Friday’s gains as the US Dollar remains under pressure amid doubts over the reliability of official economic data. The US Dollar Index (DXY), which measures the Greenback against six major currencies, is trading cautiously around 98.70. Market sentiment toward the dollar […]