Gold price sticks to intraday gains despite modest USD strength, rising US bond yields

Gold price (XAU/USD) kicks off the new year on a positive note and reverses a major part of its losses recorded over the past two trading days. The precious metal sticks to its modest intraday gains heading into the European session and currently trades around the $2,075 region, up over 0.50% for the day, though below a multi-week high touched last Thursday.

Aussie hits 6-month top on sterling, bonds join global rally

SYDNEY: The Australian dollar held near a six-month high on the sterling on Thursday, while bond futures jumped to the highest level since early June as a surprisingly low reading on UK inflation reinforced bets of early and aggressive global policy easing.