Here is what you need to know on Monday, August 12: Investors adopt a cautious stance at the beginning of the week as they keep a close eye on developments surrounding the Iran-Israel conflict.
The economic calendar will not feature any high-tier macroeconomic data releases on Monday, allowing the risk mood to drive the action in financial markets. Following a three-day rebound, the US Dollar Index edged slightly lower on Friday, closing the week virtually unchanged. In the European morning on Monday, the DXY fluctuates in a narrow channel slightly above 103.00.
In the Asian trading hours on Wednesday, the Reserve Bank of New Zealand will announce monetary policy decisions. Gold struggled to build on Thursday's gains and closed the last trading day of the previous week with small gains. XAU/USD holds its ground amid escalating geopolitical tensions early Monday and trades in positive territory at around $2,440.
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