Gold Research
Australian Dollar gathers strength above 0.7000 amid softer US GDP data
The AUD/USD pair gathers strength to near 0.7035, the highest since June 17, during the early European session on Friday. Expectations that the Reserve Bank of Australia (RBA) might implement another interest rate hike this year underpin the Australian Dollar (AUD) against the US Dollar (USD).
The AUD/USD pair gathers strength to near 0.7035, the highest since June 17, during the early European session on Friday. Expectations that the Reserve Bank of Australia (RBA) might implement another interest rate hike this year underpin the Australian Dollar (AUD) against the US Dollar (USD).
Gold impact rationale
Rising rate-hike or hawkish expectations increase gold's opportunity cost.
- Source: FXStreet news
- 2026-07-31
- rates
Topics: gold news, gold price impact, rates