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Global markets trade with a constructive tone as precious metals surge on strong Asia-led demand. Gold jumps above the $5,000 mark amid renewed buying from China, while Silver holds firm near $80.50 as Japan-linked reflationary trades continue to gain traction. In FX markets, the Australian Dollar strengthens on a hawkish RBA outlook, the Euro benefits from a softer US Dollar, and regional currencies remain supported by ongoing policy guidance from China.
Gold has surged above the $5,000 mark as strong buying demand from China drives fresh upside momentum. Renewed interest from official and institutional buyers underscores gold’s role as a strategic hedge amid global policy uncertainty.
Geopolitical Risks: Persistent geopolitical uncertainty supports safe-haven demand.
US Economic Data: Softer US data expectations weigh on real yields.
FOMC Outcome: Reduced urgency for Fed tightening supports non-yielding assets.
Trade Policy: Trade fragmentation reinforces diversification into gold.
Monetary Policy: Central bank buying, particularly from China, remains a key structural driver.
Trend: Strong bullish continuation.
Resistance: $5,120
Support: $4,920
Forecast: Gold may extend gains while Asia-led demand remains firm.
Market Sentiment: Strongly bullish.
Catalysts: Central bank purchase data, US yields, Asia demand indicators.
Silver is holding gains near $80.50, supported by Japan-led reflationary trades and rising expectations of stronger industrial and investment demand.
Geopolitical Risks: Broader uncertainty sustains precious metals demand.
US Economic Data: Cooling growth expectations favor metals.
FOMC Outcome: Dovish Fed expectations underpin silver prices.
Trade Policy: Global supply chain realignments support industrial demand outlook.
Monetary Policy: Japan’s reflation narrative boosts precious and industrial metals.
Trend: Bullish with consolidation.
Resistance: $82.00
Support: $78.40
Forecast: Silver may attempt further upside if reflation trades persist.
Market Sentiment: Bullish.
Catalysts: Japan macro signals, risk sentiment, gold price direction.
EUR/USD is pushing toward the 1.1830–1.1835 zone as US Dollar weakness persists, with market focus shifting toward delayed US Nonfarm Payrolls data.
Geopolitical Risks: Reduced immediate risk supports selective EUR demand.
US Economic Data: Delayed NFP keeps USD on the defensive.
FOMC Outcome: Growing expectations of Fed patience support EUR upside.
Trade Policy: Trade stability offers modest support to Eurozone sentiment.
Monetary Policy: Fed-ECB policy divergence remains a limiting factor.
Trend: Mild bullish bias.
Resistance: 1.1860
Support: 1.1760
Forecast: EUR/USD may consolidate near highs while awaiting US data clarity.
Market Sentiment: Cautiously bullish.
Catalysts: US NFP data, Fed commentary, Eurozone releases.
USD/CNY remains stable as policy support continues to anchor regional FX markets, according to MUFG. Managed currency guidance limits volatility despite broader global shifts.
Geopolitical Risks: External tensions remain a background consideration.
US Economic Data: USD softness has limited impact due to policy management.
FOMC Outcome: Fed uncertainty influences offshore pricing.
Trade Policy: Trade normalization efforts support stability.
Monetary Policy: PBOC guidance remains the primary anchor for USD/CNY.
Trend: Sideways and controlled.
Resistance: 6.9850
Support: 6.9400
Forecast: USD/CNY is expected to trade within a narrow, policy-driven range.
Market Sentiment: Neutral and policy-dependent.
Catalysts: Daily PBOC fixings, China policy updates.
AUD/USD has climbed above the 0.7000 level as a hawkish tone surrounding the RBA outlook boosts demand for the Australian Dollar amid stronger commodity prices.
Geopolitical Risks: Reduced risk aversion supports high-beta currencies.
US Economic Data: USD softness aids AUD upside.
FOMC Outcome: Expectations of Fed patience favor AUD.
Trade Policy: China-linked trade dynamics remain supportive.
Monetary Policy: Hawkish RBA expectations underpin strength.
Trend: Bullish continuation.
Resistance: 0.7080
Support: 0.6950
Forecast: AUD/USD may extend gains if RBA expectations remain firm.
Market Sentiment: Bullish.
Catalysts: RBA commentary, commodity prices, China-related data.
Overall, metals remain firmly in focus as sustained Asian demand reshapes price dynamics across gold and silver. While foreign exchange markets reflect selective strength tied to central bank expectations and policy support, the dominant narrative remains commodity-led. With Asian demand signals, central bank guidance, and upcoming macro data in focus, market participants are likely to remain attentive to further momentum in precious metals.
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