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The AUD/USD pair gains ground above the 0.6800 mark, the highest in five months during the early Asian session on Friday. The uptick of the pair is bolstered by the softer US Dollar and risk appetite. AUD/USD is trading at 0.6801, down 0.02% on the day.
Gold gathered bullish momentum and advanced toward $2,050 in the American session on Thursday. Following the downward revision to Q3 US GDP growth, the benchmark 10-year US Treasury bond yield slumped to its lowest level since July below 3.9%, fuelling XAU/USD’s rally.
The week concludes with the last major data release for the year, the core PCE price index. If projections of a 0% monthly change for November hold, the six-month annualized calculation would settle at 2%, aligning with the Fed’s definition of price stability.