Brown Brothers Harriman's (BBH) analysis shows that the NAB December business survey supporting expectations for a rate hike by the RBA. If the upcoming trimmed mean CPI inflation exceeds the RBA's projection, it could lead to a February rate increase and bolster the AUD.
TD Securities has significantly upgraded its outlook for Gold, projecting an annual average price of $4,831/oz for 2026, an increase of $619/oz from previous estimates. The report also anticipates transitory trading highs of $5,400/oz for Gold in the first half of 2026.
The Japanese Yen (JPY) holds firm against the US Dollar (USD) on Monday, supported by broad Yen strength as markets price in rising intervention risks. At the time of writing, USD/JPY is trading around 154.00, after sliding to an intraday low of 153.31, hovering near its lowest level since November.