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AUD/USD remains strong despite pullback from 0.7716, flirts with the 0.7700 thresholds off-late. The aussie pair rose for the second consecutive day while rising to the fresh two-week top amid risk-on mood as well as the US dollar weakness on Monday.

Gold boosted as market bet inflation...

Rising inflation expectations gave XAU/USD a boost on Monday. Spot gold prices (XAU/USD) rallied on the first trading day of the second trading week of the month; having hit lows just to the south of the $1810 mark during the Asia Pacific session.

Silver drops to $27.28 while trimming some of its gains near one week high amid the initial Asian session on Tuesday. Even so, the white metal stays inside a three-day-old bullish chart pattern, i.e. ascending trend channel, while remaining beyond 200-HMA and a short-term rising trend line.

Although the overbought RSI conditions triggered the quote’s latest pullback, buyers can stay hopeful unless the bullion drops below a confluence of 200-HMA and support line of the stated channel, near $26.90.

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