Gold prices remain steady above $2,650 for the second consecutive day on Wednesday, driven by growing expectations of another interest rate cut by the Federal Reserve in November. However, high U.S. Treasury yields limited further gains, with gold trading around $2,660, marking a modest increase of up 0.14%.
Meanwhile, the GBP/JPY pair climbed to 193.10 during early Thursday trading. The Japanese yen continues to weaken as the Bank of Japan is expected to delay interest rate hikes. Traders are now awaiting Japan’s September Consumer Price Index (CPI) data, due to be released on Friday.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEError! Please try again.