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The US Dollar Index (DXY) Turns Lower
Capital flows into gold amid rising geopolitical and broader market risks, together with Jerome Powell’s remarks about potential criminal prosecution, have not only driven XAU/USD to record highs (as discussed earlier today) but have also put pressure on
Market Analysis: AUD/USD and NZD/USD Pull Back, Caution Creeps In
AUD/USD failed to stay in a positive zone and declined below 0.6700. NZD/USD is also moving lower and might extend losses below 0.5700.
Important Takeaways for AUD/USD and NZD/USD Analysis Today
· The Aussie Dollar
Gold Price Breaks Above $4,600 for the First Time
At the opening of Monday’s session on 12 January, gold (XAU/USD) gapped higher and briefly moved above the psychological $4,600 level, setting a new all-time high.
Bullish drivers:
→ Geopolitical tensions. Following developments in Venezuela, market attention has