MarkSteve_7

MarkSteve_7

Gold price recovers slightly from the daily low and climbs back above the $3,300 mark in Friday's European session. China's Foreign Ministry denied any ongoing negotiations with the US on tariffs, keeping a lid on the optimism in the markets and lending some support to the safe-haven precious metal.

MarkSteve_7

EUR/USD remains well bid in the proximity of the 1.1400 hurdle on Thursday, deriving support from the renewed selling pressure in the US Dollar as investors continue to assess the ongoing absence of further progress in the US-China trade conflict.

MarkSteve_7

Gold price extends its steady intraday descent through the first half of the European session and momentarily slips below the $3,300 mark in the last hour as the upbeat market mood conditions undermine demand for safe-haven assets.

MarkSteve_7

EUR/USD holds losses below 1.1400 in the European morning on Wednesday. The Euro stays defensive ahead of the German and Eurozone preliminary PMI data while the US Dollar pauses its recovery mode led by Trump's backpedaling on the US-China trade war and Powell. US PMI also awaited.

MarkSteve_7

Gold price is heading back toward $3,400, stalling Tuesday's correction from the $3,500 mark, The US Dollar recovery fixxles, allowing Gold price to regain footing as investors remain wary about US President Trump's intentions. Trump said on Tuesday that he hopes for US-China trade war de-escalation and doesnt intend to fire Fed's Powell.

MarkSteve_7

EUR/USD is battling 1.1500 in the European session on Tuesday. The pair loses traction as the US Dollar finds its feet even as investors remain wary of the US financial stability amid Trump's attacks on Fed Chair Powell. Speeches from ECB and Fed officials are on the radar.

MarkSteve_7

GBP/USD is back below the 1.3400 mark in the European trading hours on Tuesday, feeling the heat from the pause in the US Dollar decline. But the pair's further dowside appears limited as fears of a US economic slowdown and concerns about the Fed's independence will continue to remain a headwind for the Greenback.

MarkSteve_7

Gold price hit yet another record high on Monday, as the US Dollar sell-off continued on the back of US President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, fueling concerns about the future of the

MarkSteve_7

Gold extends its uptrend and trades at a new all-time high above $3,400 on Monday. Concerns over US-China trade war escalation and the Fed’s independence smash the US Dollar to three-year troughs, fuelling XAU/USD's rally.

MarkSteve_7

GBP/USD continues its winning streak, recapturing 1.3400 in European trading on Monday. The extended US Dollar weakness, amid US-Sino trade war-led recession fears and heightened threat to the Fed's independence, continue to underpin the pair. Thin trading is set to extend.

MarkSteve_7

EUR/USD trades roughly 1.5% higher so far this Monday as the relentless US Dollar selling drives it toward the 1.1600 threshold - the highest level since November 2021. Growing concerns over a US economic recession and the Federal Reserve’s autonomy continue to exert downward pressure on the USD

MarkSteve_7

Gold retreated slightly from the all-time high it touched at $3,357 early Monday but still gained more than 2% for the week after settling at $3,327. The uncertainty surrounding US-China trade relations caused markets to adopt a cautious stance, boosting safe-haven demand for Gold.

MarkSteve_7

The prevailing risk-on mood among traders challenges the metal’s recent gains and prompts a modest knee-jerk in its prices on Thursday. After bottoming out near the $3,280 zone per troy ounce, Gold prices are now reclaiming the $3,320 area in spite of the stronger Greenback.

MarkSteve_7

Gold is holding its own on Tuesday, trading just above $3,200 per troy ounce as it bounces back from earlier losses. While a more upbeat risk sentiment is bolstering the rebound, lingering concerns over a deepening global trade rift have prevented XAU/USD from rallying too aggressively.

MarkSteve_7

Gold seems to have met some daily contention around the $3,200 zone on Monday, coming under renewed downside pressure after hitting record highs near $3,250 earlier in the day, always amid alleviated trade concerns. Declining US yields, in the meantime, should keep the downside contained somehow

MarkSteve_7

Gold stays under bearish pressure on Monday and declines toward $3,200 after setting a new record-high of $3,245 at the weekly opening. Easing concerns over a deepening trade conflict between the US and China seem to be causing XAU/USD to enter a correction phase.

MarkSteve_7

The EUR/USD pair retreated further from its recent multi-month peak at 1.1473 and trades around the 1.1300 mark. Wall Street manages to advance ahead of the weekly close, despite escalating tensions between Washington and Beijing and mounting fears of a US recession. Profit-taking ahead of the close also weighs on the pair.

MarkSteve_7

GBP/USD now gives away part of the earlier advance to fresh highs near 1.3150. Meanwhile, the US Dollar remains offered amid escalating China-US trade tensions, recession fears in the US, and softer-than-expected US Producer Price data.