Gold almost flat on a recovery in US dollar, but inflation concerns persist

Gold is almost flat on some recovery in the USD.
Looking ahead, the concern of higher inflation may help Gold.

Gold is now trading around $1357 in the New York session, edging up by almost 0.15% on some recovery in the USD. However, the concern of higher US inflation or rather reflation may also be supporting the yellow metal as traditionally; Gold is seen as inflation hedged physical asset.

The broader picture is a turnaround of the US Dollar after it reached new lows. Today, the USDJPY plunged below 106 in the early Asian session after the BOJ Governor’s comments, which includes several references about “exit strategy” and subsequently USDJPY made Asian session low of 105.53, the lowest in 15-months.

The market is concerned about an imminent change in BOJ policy guidance and US twin deficits. The worry about the weakness of the US Dollar triggered a hawkish comment by Japan’s Finance Minister (Aso). This is a change from his previous stance. Aso said on Thursday that the currency’s strength isn’t abrupt enough to require an intervention at this point.

Things indeed changed. The USD recovered from the late Asian session today after Japanese government said that it is watching Yen move with “greater” sense of concern and is ready to act (intervene) when needed. Subsequently, Gold also dropped to the day low of around 1352.

Technically, Gold has now good support of around 1340-1335 area. Sustaining above the 1366-1370 zone, it can surge further.

EUR/USD risks a deeper drop below 1.1750

EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.