Gold_Hunters_Club

Gold_Hunters_Club

Gold price maintains its offered tone heading into the European session on Friday and currently trades just below the $3,300 round figure. The intraday downtick is sponsored by a modest US Dollar strength, which tends to undermine demand for the commodity. However, a combination of factors assists the precious metal in holding above a one-week low touched on Thursday.

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The GBP/USD pair attracts fresh sellers following the previous day's goodish rebound from the 1.3415 area amid a modest US Dollar uptick. Spot prices currently trade around the 1.3475-1.3470 region, down 0.15% for the day, though the downside seems limited as traders might opt to wait for the release of the US PCE Price Index.

Gold_Hunters_Club Updated 

EUR/USD’s upside now picks up pace and retests the 1.1380 region, or new two-day highs on the back of the persistent retracement in the Greenback. On the latter, the currency lost further impulse as investors reacted to poor US jobless claims data and White House advisor Hassett's optimism in the tariff decision appeal.

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Gold fails to gather directional momentum and stays in a consolidation phase above $3,300 midweek. The uncertainty surrounding the US trade relations and elevated geopolitical tensions help XAU/USD keep its footing as market focus shifts to FOMC Minutes.

Gold_Hunters_Club Updated 

EUR/USD struggles to find direction and trades in a narrow channel above 1.1300 in the second half of the day on Wednesday. In the absence of high-tier data releases, investors will look for a catalyst in the minutes of the Federal Reserve's May policy meeting.

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Bitcoin (BTC) price stabilizes at around $103,000 when writing on Friday, after facing multiple rejections at the key $105,000 resistance level throughout the week.

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USD/JPY holds losses near 143.50 in Thursday's Asian trading, fading the early uptick to 144.00 A weaker risk tone and the divergent BoJ-Fed policy expectations underpin the safe-haven Japanese Yen amid sustained US Dollar weakness. The pair keeps losses despite no FX talks in the Kato-Bessent meeting.

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EUR/USD is consolidating gains below 1.1350 in Wednesday's European trading on the back of a sustained weakness n the US Dollar. Renewed trade jitters, along with fresh concerns about the US fiscal health, add further pressure on the Greenback. The focus now is on the ECB and Fed-speak.

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Gold price sticks to intraday gains above the $3,300 mark, or a one-and-a-half-week high touched during the Asian session on Wednesday, and looks to build on a three-week-old uptrend amid a combination of supporting factors. US fiscal concerns and a downgrade of the US government's sovereign credit rating last Friday continue to weigh on the USD.

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GBP/USD is defending minor bids below 1.3300 in European trading on Thursday as the Pound Sterling remains little impressed by the UK GDP and Business Investment beat. However, the pair continues to draw support from a weaker US Dollar ahead of key US data and Powell's speech.

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EUR/USD trades modestly higher on the day near 1.1200 in the European session on Thursday. Renewed US Dollar weakness on trade-related uncertainties and nervousness ahead of US PPI and Retail Sales data underpins the pair. Fed Chair Powell will deliver a speech on framework review later in the day.

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Gold began the week under pressure, retreating toward the $3,200 mark per troy ounce, where some support appeared to materialise. The decline followed a broader improvement in risk sentiment after encouraging developments emerged from US-China trade talks over the weekend.

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Gold adds to Friday’s advance, reclaiming the $3,300 mark per troy ounce and beyond on the back of rising safe-haven demand following heightened geopolitical tensions in the Middle East. In addition, a persistent uncertainty over US trade policy continues to linger, adding to the upside momentum in the precious metal.

Gold_Hunters_Club

Gold adds to Friday’s advance, reclaiming the $3,300 mark per troy ounce and beyond on the back of rising safe-haven demand following heightened geopolitical tensions in the Middle East. In addition, a persistent uncertainty over US trade policy continues to linger, adding to the upside momentum in the precious metal.

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EUR/USD manages to stick to its daily gains on Monday despite pulling back from earlier highs on the back of the tepid bullish attempt in the US Dollar. Encouraging results from the US services sector appear to have lent renewed oxygen to the Greenback, sponsoring its bounce.

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EUR/USD extends its sideways grind below 1.1400 in the European session on Wednesday. The data from Germany showed that the Gross Domestic Product (GDP) contracted at an annual rate of 0.2% in the first quarter, as anticipated. In the Eurozone, GDP expanded by 1.2% in the same period. Market focus shifts to US GDP data.

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Gold price struggles to lure buyers and trades below the $3,300 in the European session on Wednesday as signs of easing US-China trade tensions continue to undermine safe-haven assets. Key GDP and PCE inflation data releases from the US could trigger the next big action in XAU/USD.

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Following a bearish opening to the week, Gold gains traction and trades above $3,300 in the American session. Mixed headlines on the ongoing US-China trade war cause markets to remain risk-averse on Monday, allowing XAU/USD to turn north.