MarkSteve_7

MarkSteve_7 Updated 

Gold gathers near-term momentum and trades near $3,370 ahead of the weekly close, as risk sentiment took a turn to the south. Following a positive start, Wall Street turned south. Middle East tensions and massive back-and-forth missile exchanges between Iran and Israel seem to be behind the ongoing run to safety.

MarkSteve_7

Gold price attracted some dip-buyers during the Asian session, though it lacks follow-through. Fed rate cut bets keep the USD bulls on the defensive and lend support to the XAU/USD pair. Geopolitical risks also benefit the commodity ahead of the Fed meeting starting this Tuesday.

MarkSteve_7

Gold price attracted some dip-buyers during the Asian session, though it lacks follow-through. Fed rate cut bets keep the USD bulls on the defensive and lend support to the XAU/USD pair. Geopolitical risks also benefit the commodity ahead of the Fed meeting starting this Tuesday.

MarkSteve_7

GBP/USD extends its rebound toward 1.3600 in Monday's European session, helped by a continued selling wave around the US Dollar. Markets seem to look past the deepening Middle East conflict, resorting to position adjustments ahead of the Fed and BoE policy announcements later this week.

MarkSteve_7 Updated 

Gold price extends its steady intraday retracement slide from a nearly two-month peak and drops to the $3,400 neighborhood during the early European session on Monday. A generally positive tone around the equity markets is seen as a key factor undermining the safe-haven bullion, which now seems to have snapped a three-day winning streak.

MarkSteve_7

Gold prices maintain its upward trajectory on Friday, reaching its peak level since late April above the $3,400 mark per troy ounce. Furthermore, the precious metal draws increased safe-haven interest amid escalating tensions in the Middle East, triggered by Israel's military action against Iran.

MarkSteve_7

1.1550 EUR/USD continues to recover ground lost and now extends the rebound to the 1.1550 zone on Friday. Meanwhile, the US Dollar maintain its bullish bias intact in response to a significant flight to safety amid increasing geopolitical concerns, while positive consumer sentiment data also contribute to the daily uptick.

MarkSteve_7

The Japanese Yen stalls its intraday retracement slide from over a one-week high against the rebounding US Dollar amid a combination of supporting factors. Despite reports that the Bank of Japan (BoJ) will keep the benchmark rate steady at 0.5% at its upcoming meeting next week, traders seem convinced that the central bank will stick to the path toward policy...

MarkSteve_7

Gold prices maintain its upward trajectory on Friday, reaching its peak level since late April above the $3,400 mark per troy ounce. Furthermore, the precious metal draws increased safe-haven interest amid escalating tensions in the Middle East, triggered by Israel's military action against Iran.

MarkSteve_7

EUR/USD continues to recover ground lost and now extends the rebound to the 1.1550 zone on Friday. Meanwhile, the US Dollar maintain its bullish bias intact in response to a significant flight to safety amid increasing geopolitical concerns, while positive consumer sentiment data also contribute to the daily uptick.

MarkSteve_7

The Japanese Yen stalls its intraday retracement slide from over a one-week high against the rebounding US Dollar amid a combination of supporting factors. Despite reports that the Bank of Japan (BoJ) will keep the benchmark rate steady at 0.5% at its upcoming meeting next week, traders seem convinced that the central bank will stick to the path toward policy...

MarkSteve_7

Gold price consolidates below seven-week highs of $3,445 early Friday. Israel confirmed strikes on Iran's nuclear facilities, fuelling a broad wave of risk aversion while driving the safe-haven Gold price through the roof. Rising Fed rate cut bets also underpin the non-yielding Gold.

MarkSteve_7

Gold price seems to struggle to capitalize on modest intraday gains and remains below the overnight swing-high level as traders opt to wait for the release of the US Consumer Price Index (CPI). The crucial consumer inflation data will play a key role in influencing market expectations about the Federal Reserve's (Fed) rate-cut path, and provide a fresh directional...

MarkSteve_7

Gold rebounds following a bearish start to the week and trades comfortably above $3,300 in the American session on Monday. Markets eagerly await headlines that will come out of the second round of US-China trade negotiations in London.

MarkSteve_7

Following the release of the headline US PCE in April, which came in below forecasts, EUR/USD continues to be on the defensive and navigates the low-1.1300s on the back of a decent rebound in the US Dollar. Spot, in the meantime, is expected to enter a cautious mode pre-ECB meeting in the next week.

MarkSteve_7

Gold price maintains its bid tone above the $3,300 mark during the Asian session on Monday. Trade-related uncertainties, rising geopolitical tensions, Fed rate cut bets, and fresh USD selling lend support to the bullion. The XAU/USD, however, lacks bullish conviction and remains confined in a multi-day-old range as traders now look to this week's key US macro...

MarkSteve_7

Despite the ongoing loss of momentum in the US Dollar, EUR/USD remains on the back foot and navigates the area around 1.1350 after headline US PCE came in below expectations in April.

MarkSteve_7

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.