Gold price (XAU/USD) rallies on Tuesday for the fourth straight day, shy of reclaiming the $4,500 figure even though US Treasury yields rise along with the Greenback, which is also gaining 0.20%. At the time of writing, XAU/USD trades at $4,487, up nearly 1%.
The Australian Dollar retreats against the Japanese Yen on Monday, down 0.05% after Bank of Japan Governor Kazuo Ueda revealed that the BoJ would hike rates “if economic and inflation trends align with our projections.” At the time of writing, the AUD/JPY trades at 105.00 almost unchanged.
The US Dollar (USD) has edged back toward its pre-Christmas highs, supported by a modest safe-haven bid following dramatic developments in Venezuela.