Energies
Gold prices remain steady above $2,650 for the second consecutive day on Wednesday, driven by growing expectations of another interest rate cut by the Federal Reserve in November. However, high U.S. Treasury yields limited further gains, with gold trading around $2,660, marking a modest increase of up 0.14%.
Meanwhile, the GBP/JPY pair climbed to 193.10 during early Thursday trading. The Japanese yen continues to weaken as the Bank of Japan is expected to delay interest rate hikes. Traders are now awaiting Japan’s September Consumer Price Index (CPI) data, due to be released on Friday.
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