Gold’s price (XAU/USD) halts its poor Monday performance when Federal Reserve (Fed) policy rate concerns took over sentiment, recovering slightly and trading near $2,670 at the time of writing on Tuesday.
Silver price (XAG/USD) recovers some of their recent losses from the previous session, trading near $29.80 per troy ounce during European trading hours on Tuesday.
The EUR/JPY cross builds on the overnight recovery from the 160.00 psychological mark, or a nearly one-month low and attracts some follow-through buyers on Tuesday.
The Pound Sterling (GBP) finds temporary support on Tuesday after facing a sharp sell-off in the last few trading days due to rising yields on the United Kingdom (UK) gilts.
Here is what you need to know on Tuesday, January 14: Following a mixed close on Wall Street overnight, markets witnessed a sluggish performance in Asian indices as Japanese markets reopened on a negative note.
Xuan Changneng, People’s Bank of China (PBOC) Deputy Governor, said on Tuesday that the central bank “will continue to take measures to keep the Yuan exchange rate basically stable at reasonable and balanced levels.” Additional quotes Will step up counter-cyclical policy adjustment.