News

The Japanese Yen (JPY) prolongs its uptrend against a broadly weaker US Dollar (USD) for the third successive day and sticks to gains near the weekly top through the early European session on Wednesday.

The Stoxx 600 notched a new record closing high, buoyed by Copenhagen-listed Novo Nordisk.

The NZD/USD pair extends its upside to near 0.5845 during the early European session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) on the prospect of a further interest rate cut by the US Federal Reserve (Fed).

Here is what you need to know on Wednesday, December 24:

Gold price (XAU/USD) eases from a record high of $4,526 during the early European trading hours on Wednesday as traders book some profits. Additionally, the upbeat US Gross Domestic Product (GDP) data might also weigh on the Gold price.

Gold price (XAU/USD) eases from a record high of $4,526 during the early European trading hours on Wednesday as traders book some profits. Additionally, the upbeat US Gross Domestic Product (GDP) data might also weigh on the Gold price.

The GBP/USD pair trades in positive territory near 1.3510 during the early European session on Wednesday. The Pound Sterling (GBP) strengthens against the Greenback on expectations that the Bank of England (BoE) will follow a gradual monetary easing path in 2026.  

The EUR/GBP cross trades in negative territory for the fifth consecutive day around 0.8725 during the early European session on Wednesday.

Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.

The GBP/JPY cross attracts some sellers for the second straight day on Wednesday and trades around mid-210.00s, closer to the weekly trough during the Asian session. Spot prices, however, remain within striking distance of the highest level since August 2008, touched on Monday.