Gold Price retreats during the North American session and is down 0.39% in the aftermath of the Federal Reserve’s (Fed) rate cut decision on Wednesday and better than expected Initial Jobs Claims data. At the time of writing, XAU/USD trades at $3,643 after hitting a daily high of $3,673.
Bitcoin (BTC) is gaining momentum after rebounding from key support, trading above $117,000 at the time of writing on Thursday. The rally follows the US Federal Reserve’s (Fed) 25-basis-point (bps) rate cut decision on Wednesday.
The AUD/USD pair claws back some of its early losses and rebounds to near 0.6650 during the European trading session on Thursday. The Aussie pair fell sharply, earlier in the day, to near 0.6615 after the Australian Bureau of Statistics showed that employment unexpectedly fell in August.