YEN Intervention

Gold is holding near a seven-week high after a sharp rally fueled by a weaker US dollar, lower yields and fading energy inflation pressure. Friday’s payrolls data now stands as the key test for whether the breakout can extend or stall.

AUD/USD is trading near its highest level since mid-June after a sharp reversal from an early-week sell-off. Technical traders are watching whether a pennant breakout can sustain momentum toward 0.7115 while 0.7020 remains the first major support level.