Forex News

The AUD/USD pair retreated from above 0.6700 and trades around 0.6670 early in Asia, following clues from Gold price in the absence of other news. Australia will publish Westpac Consumer Confidence and RBA Minutes early on Tuesday.

The EUR/USD pair failed to grab speculative interest’s attention on Monday and consolidated at around 1.0860. Federal Reserve officials keep flooding the news, but so far, failed to spur some action.

Gold rose sharply at the beginning of the week on escalating geopolitical tensions and touched a new all-time high of $2,450. With market mood improving modestly, XAU/USD erases a majority of its daily gains but manages to hold above $2,400.

Ethereum's (ETH) price movement on Monday reveals traders' uncertainty following Grayscale CEO's departure and expectations that the Securities & Exchange Commission (SEC) would deny applications for spot ETH ETFs this week.

On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.