The dollar weakened after Donald Trump nominated hedge-fund manager Scott Bessent as Treasury Secretary, but MUFG said the currency should soon resume its recent strengthening.
SGβs stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.
Gold futures were down more than 1% with consistent and unrelenting selling in Asian trading, Pepperstone said, adding that the selloff was more likely a position adjustment rather than cooling safe-haven demand.