Gold struggles for momentum as US-Iran tensions, hawkish Fed bets weigh
Gold struggles for momentum as US-Iran tensions, hawkish Fed bets weigh
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Gold struggles for momentum as US-Iran tensions, hawkish Fed bets weigh
Forex
The Euro to Dollar (EUR/USD) exchange rate has steadied near 1.1425 after recovering from June's lows, although Rabobank believes the single currency has lost much of the momentum that drove its rally earlier this year. The bank expects EUR/USD to trade broadly sideways over the next one to three months before regaining a modest.
The Chinese Yuan has remained resilient against the US Dollar despite a stronger Greenback, with USD/CNY holding close to 6.80 as investors weigh China's domestic policy support against robust US economic data. Goldman Sachs believes the Yuan's resilience reflects structural changes within China's economy rather than.
Gold price rebounds as the dollar eases, but hawkish Fed minutes and rising Treasury yields keep pressure on XAU/USD ahead of key U.S. inflation data.
Gold Price Forecast: Recoveries likely be capped as 20-day EMA slopes lower
Silver Price Forecasts: XAG/USD picks up above $59.00 as US Dollar softens
GBP/CAD climbed to its highest level in a decade this week, reflecting an increasingly powerful divergence between a Pound supported by fading domestic political risks and a Canadian Dollar facing mounting structural headwinds. Sterling continues to benefit from the unwinding of sizeable speculative short positions built ahead of Prime Minister Keir Starmer's resignation, while Bank of England Governor Andrew Bailey has effectively ruled out near-term rate cuts.
Silver price today: Silver rises, according to FXStreet data
Copper, uranium and lithium are testing support, while silver nears a major buy zone as energy metals prepare for the next move.
Euro: Early gains against US Dollar at risk on Fed story – ING
The DAX, along with its European peers, is recovering on Thursday after Wednesday's sharp sell-off. A rebound in semiconductor stocks, together with a modest pullback in oil prices, has helped stabilise sentiment, although concerns over shipping through the Strait of Hormuz continue to linger.
EUR/GBP Price Forecast: Languishes below 0.8550 with bullish attempts subdued
Gold fell to 4,032 USD per ounce on Thursday, marking its second consecutive day of decline. Pressure on the market intensified amid fears that a new escalation of conflict in the Middle East could disrupt energy supplies and accelerate inflation.
Intraday analysis covering EURUSD(The euro) , AUDUSD , and NAS 100, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. EURUSD remains undecided EURUSD(The euro) took a break from moving towards more multi-week highs but remains bullish.
As the US Dollar benefits from deep capital markets and safe-haven status, it held firm following FOMC minutes with DXY at $100.85. EUR/USD defended $1.1440 support while GBP/USD tested $1.3418 resistance.
USD/CAD Price Forecast: Hovers above 1.4150 as bullish bias prevails
Euro: Hawkish Fed keeps gains contained against US Dollar – Commerzbank
USD/CHF Price Forecast: Dollar bulls lose steam after rejection at 0.8100
Silver Price Forecast: XAG/USD jumps to near $59 as US Dollar declines
British Pound: Flexible BoE stance supports against US Dollar – BNY