Market Insights 12 January 2022
AUD/USD is down to test 0.7200 on disappointing Chinese inflation figures for December, as market sentiment dwindles ahead of the US inflation release. Traders rethink Powell-led advances amid persistent coronavirus and global growth concerns.
Gold bulls take a breather around the weekly top, recently easing to $1,820, amid an early Asian session on Wednesday. The yellow metal jumped the most since mid-December the previous day after the upbeat market sentiment drowned the US Treasury yields and USD.
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