Gold price climbs cautiously during the North American session as traders brace for the release of the latest Nonfarm Payrolls (NFP) figures in the United States (US), which could be crucial for the path of interest rates set by the Federal Reserve (Fed).
The Pound Sterling plummets sharply, close to over 1% or 170 pips, on Wednesday against the Greenback, amid growing speculation that the Chancellor of Exchequer, Rachel Reeves, could be replaced by the Prime Minister, Sir Keir Starmer.
European Central Bank (ECB) policymaker Pierre Wunsch said on Wednesday that “I am not uncomfortable with the market's interest rate expectations.”