Gold rose to a new all-time high with spot prices reaching intraday highs of $4,164/oz in the early trading session today, following strong inflows reported in exchange-traded funds, escalating US-China trade tensions and traders’ confidence that the Federal Reserve’s rate cuts will continue, ING's
The GBP/JPY pair trades 0.8% to near 201.40 during the European trading session on Tuesday.
The AUD/JPY cross slumps to near 98.65 during the Asian trading hours on Tuesday. Some verbal intervention from Japanese authorities provides some support for the Japanese Yen (JPY) against the Australian Dollar (AUD).