GBP/USD is trading at 1.29678, 0.4% up since previous day close. The Pound Sterling (GBP) has rebounded against the US Dollar (USD) after a two-month low. The outlook for the US Dollar remains firm due to a slight decline in market expectations for the Federal Reserve to reduce interest rates in remaining policy meetings this year. The US presidential election outcome has improved the Dollar’s appeal as a safe-haven.

US100 is trading at 20260, 0.01% up since previous day close. Tesla’s earnings beat boosted its shares by 12%, while bond yields weakened on soft business surveys overseas. There’s concern that pre-election trades on Trump’s White House win may be premature. There’s no clear indication on how the close contest will break, and Treasury yields have fallen below 4.2%. The Bank of Canada and Bank of Japan have cut policy rates, and Tesla’s earnings beat likely wipes out year-to-date losses when trading resumes today.

GOLD is trading at 2738, 0.84% up since previous day close. Gold prices are expected to rise in 2025 despite being overpriced, according to Deveya Gaglani, a commodities research analyst at Axis Securities. Spot gold has seen its best year-to-date performance since 2007, indicating increased investor optimism. Geopolitical tensions, strong demand from China, and a Fed rate cut are expected to further support gold prices, with spot gold currently 0.8% higher at $2,736.74.