The dollar index fell by -0.32% on Monday, with expectations of interest rate cuts. The euro rose by +0.41% on comments from ECB officials satisfied with current rates. USD/JPY fell by -0.47% after Japan’s rate hike. Gold and silver futures closed higher on Monday, hitting new contract highs. Precious metals prices are being boosted by geopolitical risks and central bank demand. Silver has support due to tight Chinese inventories. Fund demand for precious metals remains strong, with silver ETF holdings at a 3.5-year high. The markets are watching for potential FOMC and ECB rate decisions.

Read more at Barchart: Dollar Falls on Interest Rate Differential Outlook