Gold price rallies over 2% on Monday as investors increases bets on a Federal Reserve (Fed) rate cut at the December meeting. Meanwhile, news of a possible reopening of the US government pushed the Greenback higher, yet the yellow-metal buyers remain reluctant to give way to earlier gains.
AUD/USD appreciates toward 0.6520 on Monday at the time of writing, up 0.40% for the day.
EUR/JPY gains ground for the second successive session, trading around 178.10, higher by more than 0.25%, during the early European hours on Monday. The short-term price momentum is stronger as the currency cross is positioned above the nine-day Exponential Moving Average (EMA).