Gold (XAU/USD) maintains its bullish tone on Tuesday, extending Monday’s sharp advance as dovish Federal Reserve (Fed) expectations continue to underpin sentiment.
The US Senate passed a bill to end the government shutdown yesterday. The House will vote in the next couple of days, and while a majority isn’t fully guaranteed, expectations are that the bill will pass, ING's FX analyst Francesco Pesole notes.
EUR/GBP rises after halting its four-day losing streak, trading around 0.8800 during the early European hours on Tuesday. The currency cross appreciates as the Pound Sterling (GBP) loses ground following the release of the United Kingdom (UK) labor market report.