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GBP/USD alternates gains with losses around the 1.3500 neighbourhood on Tuesday. That said, Cable struggles to extend its recent marked recovery in a context of continuous instability in the Middle East, which in turn keeps the Greenback well supported.
EUR/USD struggles to gather momentum on Tuesday, trading in an inconclusive fashion around 1.1540. Indeed, the pair’s price action comes amid the absence of clear direction in the US Dollar, as traders continue to closely follow developments in the Middle East.
Gold retreats from its earlier tops and slips back below the key $4,400 mark per troy ounce on Tuesday. The precious metal’s marginal gains comes on the back of a sidelined price action in the US Dollar amid steady uncertainty from the geopolitical landscape.
Bitcoin (BTC) maintains a neutral outlook on Tuesday while testing support at $64,000. Investors appear to be sitting on the fence, awaiting a catalyst for a breakout above $65,000.
