« Gold grabs a bid. Eyes on the BOJ 🇯🇵 I don't see any headlines behind it but eyes are on the Red Sea and how the US will respond to a threat to global shipping.
What I will say is that there is very strong seasonal tailwind for gold for the next six week and with the Fed turning dovish and the dollar slipping, it has a fundamental backing. Also note that BOJ is less than 12 hours away and that could be a factor.
https://www.forexlive.com/news/gold-grabs-a-bid-eyes-on-the-boj-later-20231218/