The troy ounce of the precious metal shot higher in the last minutes and touched its best level since October of 2012 at $1,767.31. As of writing, the XAU/USD pair was up 0.58% on the day at $1,766. The heavy selling pressure surrounding the greenback seems to be fueling the pair’s rally on Tuesday. Ahead of key macroeconomic data releases from the US, the USD is suffering heavy losses against its major rivals with the US Dollar Index losing more than 0.4% on the day at 96.58. Moreover, the risk-on market environment seems to be putting additional weight on the USD’s shoulders. At the moment, S&P 500 futures are up 0.78% on the day, suggesting that Wall Street is likely to open the day sharply higher. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD climbs beyond 0.6500 mark, near 2-week tops amid notable USD supply FX Street 2 years The troy ounce of the precious metal shot higher in the last minutes and touched its best level since October of 2012 at $1,767.31. As of writing, the XAU/USD pair was up 0.58% on the day at $1,766. The heavy selling pressure surrounding the greenback seems to be fueling the pair's rally on Tuesday. Ahead of key macroeconomic data releases from the US, the USD is suffering heavy losses against its major rivals with the US Dollar Index losing more than 0.4% on the day at 96.58. Moreover, the risk-on market environment seems to be putting additional weight on the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.