AUD/USD remains subdued for the second successive session, trading around 0.6910 during the European hours on Tuesday. Daily chart analysis indicates that the pair is rising within the ascending channel pattern, indicating a persistent bullish bias.
Gold (XAU/USD) surges over 2% on Monday, clearing the $5,000 milestone and extending its gains towards $5,100 amid renewed geopolitical tensions and central banks continuing to buy the yellow metal as a diversification of reserves.
HSBC Asset Management notes that Chinese stocks have begun 2026 on a strong note, fueled by significant advancements in technology, particularly in AI and robotics. However, challenges remain, including weak domestic demand and the need for a shift towards a consumption-driven economy.