Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the third session in five sessions from its highest since February 26, overlooking the bounce of the US dollar index for the eighth session in eleven sessions …
The Australian dollar versus the US dollar was unable to break the 0.7615 level, to show positive trading and approaching the pivotal resistance that now rises to 0.7670, noting that the stochastic indicator is losing its positive momentum significantly, waiting for the price to stimulate the resumption of the expected …
The pair receives significant support amid the rising demand for risky assets, as well as the weaker US dollar, which was under pressure due to the changed market focus following the high inflation in the US to the strengthening of economic growth, which contributes to increased interest from investors …
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