The Gold price has continued to rise, reaching a new record high at the start of the new week, currently at $3,660 per troy ounce, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
The most recent leg of the dollar bear trend has been triggered by the soft US labour market. July and August NFP data have forced the Fed to reassess its assumption of a 'solid' labour market, and the Fed looks set to restart its easing cycle next week, ING's FX analyst Chris Turner notes.
Hyperliquid (HYPE) reached a record high of $51.92 on Monday, driven by anticipation surrounding validators' votes on its USDH stablecoin ticker and growing competition among firms seeking to launch the dollar-denominated token.