Gold Price Forecast: XAU/USD renews two-week high past $1,850 as firmer sentiment weighs on USD
Gold renews fortnight high amid risk-on mood, softer US dollar. DXY drops to fresh 12-day
Financial and Business News
Gold renews fortnight high amid risk-on mood, softer US dollar. DXY drops to fresh 12-day
USD/CAD prolonged its recent bearish trend and dropped to a fresh two-week low on Friday.
AUD/USD has bounced from an earlier test of 0.7000 and is probing its 21DMA around
Gold climbed to a one-week high on Friday amid a softer tone surrounding the USD.
Copper braces for first weekly gain in seven on LME, eyes to snap four-week downtrend
USD/INR remains mildly bid despite posting a weekly loss around record high. RBI intervention, China’s
USD/CAD plummets to 1.2810 while bracing for the first weekly loss in five heading into
AUD/USD keeps pullback from two-week high, dribbles around daily low. PBOC cuts 5-year LPR by
JP Morgan cut its expectation for US real Gross Domestic Product (GDP) for the second
Gold prices grind higher after bouncing off three-month low the previous day. Headlines from China,