The Australian dollar held its decline around $0.648 on Tuesday, as investors weighed the latest minutes from the Reserve Bank of Australia. The central bank signaled that additional interest rate cuts are likely over the coming year, with the pace of easing dependent on incoming economic data. At its August 2025 meeting, the RBA Board lowered the cash rate by 25 bps to 3.6%, citing continued progress in bringing inflation closer to the midpoint of its 2–3% target range. While a gradual pace of easing may be appropriate due to a still-tight labor market, strengthening private demand, and...
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.60 during the early Asian trading hours on Tuesday. The WTI extends the rally due to a pause in negotiations for a peace deal between Russia and Ukraine. Traders await the American Petroleum Institute (API) weekly crude oil stock data, which is due later on Tuesday. The latest drone strikes by Ukraine on Russian energy facilities have heightened concerns about oil supply disruptions, boosting the WTI price. Russian officials said that Ukraine carried out a drone attack on Russia on Sunday, causing a significant...
Gold falls in early Asian trade on possible profit-taking. The precious metal's decline is just a corrective move related to profit-taking rather than a structural shift in gold's broader trend, XS.com's Rania Gule says in an email. "The fundamental backdrop supporting the precious metal remains intact, both from the perspective of U.S. monetary policy and ongoing global geopolitical risks," the senior market analyst adds. Spot gold is 0.4% lower at $3,353.14/oz. Source: Bloomberg
Gold price holds firm at around $3,370 on Monday as the Greenback recovers some ground following Federal Reserve (Fed) Chair Jerome Powell's dovish tilt last Friday. A scarce economic docket on Monday, except for New Home Sales, keeps traders focused on labor market data and the Fed's preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. The non-yielding metal lacks direction, with traders seeming to be booking profits following Powell's stance. Alongside the data mentioned above, Gross Domestic Product (GDP) figures will also be crucial in suggesting if...