Senorita71

Senorita71

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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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.

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USD/JPY pares some of its intraday losses as the US Dollar strives to gain a temporary ground. The US Dollar has remained weak due to multiple headwinds. The BoJ is expected to continue raising interest rates.

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USD/CAD consolidates around 1.3850 as investors seek to gain ground after remaining on the backfoot in the last two weeks. The outlook of the US Dollar remains uncertain as Trump attacks on Fed’s independence. Trump has slammed Fed Powell for not reducing interest rates.

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EUR/USD loses the grip and retreats to the 1.1440 zone as the Greenback’s rebound now gathers extra steam, particulalry after some positive headlines pointing to mitigating trade concerns on the US-China front on Tuesday.

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Bitcoin (BTC) is stabilizing around $84,000 at the time of writing on Thursday after facing multiple rejections around the 200-day Exponential Moving Average (EMA) at $85,000 since Saturday. Despite risk-off sentiment due to the hawkish remarks by the US Federal Reserve (Fed) on Wednesday, BTC remains relatively stable. Meanwhile, institutional demand shows...

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The EUR/USD pair strengthens to around 1.1370 during the early European trading hours on Friday. Hopes for a trade deal between the United States and the European Union provide some support to the Euro. Trading volume is likely to be lightened on Good Friday.

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After bottoming out near the 1.1300 region, EUR/USD now regains upside traction and advances to the 1.1370 area on the back of the ongoing knee-jerk in the US Dollar. Meanwhile, market participants continue to closely follow news surrounding the US-China trade war.

Senorita71 Updated 

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.

Senorita71 Updated 

After bottoming out near the 1.1300 region, EUR/USD now regains upside traction and advances to the 1.1370 area on the back of the ongoing knee-jerk in the US Dollar. Meanwhile, market participants continue to closely follow news surrounding the US-China trade war.

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Gold clings to strong daily gains near $3,220 despite retreating slightly from the record-high it set touched at $3,237 on Friday. The precious metal benefits from safe-haven flows following China's decision to raise additional tariffs on US imports to 125% from 84%.

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Gold prices now lose some upside momentum and slip back below the critical $3,000 mark per troy ounce. Tuesday's recovery in the yellow metal comes on the back of the weaker US Dollar as well as steady trade tensions, while higher US yields continue to cap gains.

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Gold price meets with a fresh supply on Friday, though the downside potential seems limited. Trump’s tariffs-inspired risk-off mood might continue to act as a tailwind for the precious metal. Fed rate cut bets weigh on the USD and also contribute to limiting losses for the XAU/USD pair.

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Gold is regaining momentum, climbing above $3,120 after a slight pullback from Tuesday’s near-record high of $3,150. Retreating US yields are bolstering XAU/USD, ahead of President Trump's official announcement of the reciprocal tariff measures later this Wednesday.