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EUR/USD rebounded on Friday from multi-month lows but is still headed towards a weekly loss. The Euro is on the verge of posting its ninth consecutive week of losses against the US Dollar, marking the longest negative streak since the currency was created.

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Gold traded above $1,900 despite the recent rise in US bond yields and the USD. Economists at ANZ Bank analyze the yellow metal’s outlook.

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From a short-term technical perspective, nothing seems to have changed for Gold price, as it is likely to extend its range trade between the horizontal 21- and 50-Daily Moving Averages (DMA) at $1,917 and $1,932 respectively heading toward the US CPI release. GOLD BUY : 1910 ...

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US Dollar Index (DXY) has retreated from its recent six-month high, trading lower around 105.20. However, the likelihood of a substantial corrective decline in the Greenback seems restricted, largely due to market participants being cautious in response to the US Federal Reserve's (Fed) hawkish stance on monetary policy.

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Gold price struggles for a decisive move as investors turn cautious ahead of the US CPI data for August. The precious metal remains on tenterhooks as market participants see headline inflation rebounding due to a strong uptick in gasoline prices. GOLD BUY : 1907 ...

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Gold price struggles for a decisive move despite a slightly hotter inflation report. The US Dollar demonstrates a volatility compression as higher headline CPI failed to boost Fed hawks.

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After pulling back on Monday, the US Dollar regained strength and pushed EUR/USD toward 1.0700. The pair bottomed at 1.0705 on Tuesday and remains under pressure ahead of US inflation data and the ECB decision. EURUSD BUY : 1.07277 ...

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Gold price is, therefore, benefiting from a broad-based US Dollar decline early Monday, rebounding from near one-week lows of $1,915. The further upside in Gold price, however, appears elusive amid an upswing in the US Treasury bond yields. Additionally, China’s slowing CPI and deflation in the factory gate inflation could also Gold buyers on a cautious footing....

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Gold price gains some positive traction for the second successive day and recovers further from over a one-week low, around the $1,915 region touched on Wednesday. The XAU/USD maintains its bid through the early European session and currently trades around the $1,925-$1,926 area, up over 0.30% for the day. ...

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The Euro (EUR) manages to gather some upside traction against the US Dollar (USD) on Friday, lifting EUR/USD back above the 1.0700 level at the end of the week.

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The daily chart for the EUR/USD pair favors a downward extension. The pair has extended its slide below all its moving averages, and the 20 Simple Moving Average (SMA) heads firmly south between the longer ones, reflecting the increasing selling momentum. At the same time, technical indicators gain downward traction within negative levels, without signs of...

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struggles to defend the first daily gains in six at the lowest level in more than a week as market players seek additional clues to defend the previous bearish bias about the bullion. In doing so, the XAU/USD traders reassess the latest United States (US) data and Federal Reserve (Fed) clues amid hopes of witnessing a soft landing in the US despite higher rates....

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Gold price touched its highest level in a month above $1,950, gaining more than 1% for the second straight week. The yellow metal benefited from retreating US yields after disappointing employment-related data releases from the US. In the absence of high-tier data releases, technical positioning and the action in global bond yields could drive XAU/USD’s action...

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Alternatively, a convergence of the Fibonacci 38.2% on one-day and the middle band of the Bollinger on 4H, close to $1,945, guards immediate recovery of the Gold Price. Following that, the Pivot Point one-day R3, 100-day SMA and Fibonacci 161.8% on one-day, will act as a tough nut to crack for the Gold buyers around $1,955. It’s worth noting that the Gold Price...