Oil prices came under significant pressure yesterday, with ICE Brent falling more than 3% over the day, ING's commodity experts Ewa Manthey and Warren Patterson note.
GBP/USD stays silent after two days of gains, trading around 1.3440 during the Asian hours on Tuesday. The pair moves little ahead of the release of the United Kingdom’s (UK) Gross Domestic Product (GDP) data for the second quarter.
Gold price advances close to 2% on Monday and trades near record highs of $3,833 as market participants seeking safety bought the yellow metal amid fears of a government shutdown in the United States. XAU/USD trades at $3,827 at the time of writing.