- #gold# price gains some positive traction and draws support from a modest US Dollar weakness. Bets for more rate hikes by Federal Reserve and rising US bond yields might cap further gains. A positive tone around the US equity futures might also act as a headwind for the #XAU/USD#
- #USD/JPY# adds to its weekly gains and steadily climbs toward 145.00 psychological mark during the Asian session, closing in on the YTD peak touched in June. The uptick, however, lacks bullish conviction as traders remain on guard, expectant of any intervention by Japanese authorities.
- United Kingdom’s Gross Domestic Product is expected to show no growth in Q2 2023.
- Bank of England expects the UK #GDP# to expand by 0.5% this year.
- Pound Sterling could resume a downtrend on weak #UK# growth figures.
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