Gold Research
Australian Dollar slides to 0.70 as US ISM PMI, revives the US Dollar
The Aussie Dollar retraces despite an overall risk-on mood as the US Dollar recovers some ground, sponsored by positive data, and easing geopolitical tensions in the Middle East. The AUD/USD trades at 0.7000 after reaching a daily high of 0.7050.
The Aussie Dollar retraces despite an overall risk-on mood as the US Dollar recovers some ground, sponsored by positive data, and easing geopolitical tensions in the Middle East. The AUD/USD trades at 0.7000 after reaching a daily high of 0.7050.
Gold impact rationale
Rising rate-cut or dovish expectations reduce gold's opportunity cost.
- Source: FXStreet news
- 2026-08-03
- rates
- dollar
- geopolitics
- risk
Topics: gold news, gold price impact, rates, dollar, geopolitics, risk