Gold gains above $5,150 as US tariff uncertainty drive demand, eyes on US-Iran talks

Gold price (XAU/USD) trades with mild gains near $5,165 during the early Asian session on Thursday. The rally of the precious metal is bolstered by escalating geopolitical tensions between the United States (US) and Iran and ongoing uncertainty regarding US tariff policies.

USD/THB: BOT cut tempers Baht strength – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad reports USD/THB has bounced from key support at 31.00 after the Bank of Thailand unexpectedly delivered a second consecutive 25 bps rate cut to 1.00%.

AUD/JPY Price Forecast: Skyrockets past 111.00 on hot Aussie CPI

The AUD/JPY rallies over 1.20% on Wednesday, after an inflation report in Australia prompted investors to price additional rate hikes by the Reserve Bank of Australia (RBA). At the time of writing, the cross trades at 111.38.

China: Two Sessions set 2026 growth path – TD Securities

TD Securities analysts expect Premier Li to unveil a 4.5–5.0% GDP target range for 2026 at the Two Sessions, alongside a broad budget deficit near 9% of GDP. Policymakers are seen prioritizing domestic demand, with continued targeted consumer stimulus.

BRL: Rebalancing risks build as carry crowded – BNY

BNY’s Geoff Yu highlights that Brazilian assets, including the BRL and IBOVESPA, have attracted strong inflows in February 2026, leaving total exposure stretched.