Gold prices slipped back below the $4,150 mark during the Asian session on Tuesday, pressured by a stronger US Dollar and growing expectations of an interest rate hike by the Federal Reserve, according to FX Street. The bullish momentum in the USD continues to weigh on safe-haven assets like gold.
Meanwhile, the Swiss Franc remained under pressure, holding losses near 0.8088 against the US Dollar, slightly below the 0.8100 level seen on Monday, FX Street reported. The franc's weakness reflects broader market sentiment favoring the dollar ahead of the Fed's upcoming policy decision.
For Japanese investors, these movements underline the importance of monitoring US monetary policy shifts, as fluctuations in the USD and safe-haven assets like gold can impact cross-asset portfolios and risk positioning in the FX and equities markets.