ForexLive Asia-Pacific FX news wrap: Gold above US$2,300

Gold has continued its upward momentum, reaching above the US$2,300 mark in the Asia-Pacific trading session. The precious metal has been buoyed by a weaker US dollar and concerns over inflation, as well as ongoing geopolitical tensions.

Meanwhile, the US dollar has remained under pressure due to the Federal Reserve's dovish stance and concerns over the US economy's recovery. This has also helped lift other major currencies against the greenback.

In other news, the Australian dollar has been trading higher after the Reserve Bank of Australia left interest rates unchanged and maintained its bond-buying program. The New Zealand dollar has also gained ground, supported by strong economic data and a hawkish Reserve Bank of New Zealand.

Overall, the Asia-Pacific trading session has been characterized by a weaker US dollar, which has supported gains in gold and other major currencies. Traders will be keeping a close eye on upcoming economic data releases and geopolitical developments for further direction in the FX markets.