Market narrative
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Gold and silver focused on technical levels as central banks maintained net purchases. Gold broke $4,115 symmetrical triangle while silver traded at $60.20.
Forex
USDJPY (The yen) halts the upturn USDJPY (The yen) bounced against the dollar after finding resistance at the 162.75 level. • The latest move above 162.50 has prompted some buyers to cover and could pave the way for a bearish continuation.
British Pound: Upside risk toward resistance against US Dollar – UOB
Euro: Narrow path for sustained strength against US Dollar – ING
The Pound to Canadian Dollar (GBP/CAD) exchange rate edged higher to 1.9015 on Friday as investors looked ahead to Canada's latest Employment Change and Unemployment Rate figures, with the labour market report expected to set the tone for the Canadian Dollar into next week. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD):.
NZD/USD Price Forecast: Gathers strength above 0.5750, but remains below key technical resistance
Silver Price Forecast: XAG/USD rises as oil prices correct, US Dollar faces pressure
Euro: Range trade bias intact against US Dollar – UOB
The Pound to Dollar (GBP/USD) exchange rate traded around 1.3431 on Friday, extending its recovery to fresh one-year highs as Sterling continued to outperform while the US Dollar remained under pressure. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.343026 (+0.13%)Euro to Dollar (EUR/USD): 1.144055 (+0.07%)Dollar to Yen (USD/JPY):.
GBP/USD Price Forecast: Edges higher above 1.3400, bullish outlook remains intact
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
EUR/USD Price Forecast: Sits near weekly top around 1.1450 as bulls flirt with 23.6% Fibo.
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold flat lines above $4,100 as weaker USD clashes with Fed hike bets and Iran risks
Gold and silver rebound from key support as the US dollar and Treasury yields weaken, with gold targeting $4,500 and silver eyeing a breakout toward $72.
Japanese assets are rallying after Finance Minister Satsuki Katayama said the government wants to encourage Japan's GPIF, the world's largest pension fund, to invest substantially more domestically.
