Despite mounting short-term pressure in Gold futures, algorithmic traders may only briefly trim positions before re-accumulating, with broader participation metrics suggesting a potential local bottom in prices, analysts say, TDS' Senior Commodity Strategist Daniel Ghali notes.
The Euro (EUR) is up marginally vs. the US Dollar (USD), trading toward the mid-1.14s on the back of the broader market’s muted reaction to the US/China talks.
The USD/CAD trades in a tight range below 1.3700 during European trading hours on Wednesday. The Loonie pair consolidates as investors await the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.