Australia Private Sector Credit (MoM) registered at 0.5%, below expectations (0.7%) in January

Gold is seen consolidating in a range below the $5,200 mark during the Asian session on Friday amid mixed cues. Trade jitters, along with the risk of a potential US-Iran war, act as a tailwind for the safe-haven bullion. Meanwhile, the Fed’s hawkish outlook keeps the US Dollar close to the monthly high and caps the non-yielding yellow metal. Nevertheless, the commodity remains on track to register gains for the fourth straight week, though the fundamental backdrop warrants some caution for bullish traders.

Source: https://www.fxstreet.com/news/australia-private-sector-credit-mom-registered-at-05-below-expectations-07-in-january-202602270031