Malaysia Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Market narrative
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Malaysia Gold price today: Gold rises, according to FXStreet data
Forex
EUR/USD Price Forecast: Trades cautiously higher near mid-1.1400s amid mixed setup
WTI crude has surrendered all of its post-war gains, returning to a key technical inflection point. With bearish positioning stretched, gold rebounding and the US dollar retreating, the conditions are improving for a technical recovery in crude oil.
AUD/JPY Price Forecast: Holds gains near 112.00, but bearish bias persists below key moving averages
Gold advances to $4,200 neighborhood as reduced Fed hike bets keep USD depressed
Gold and silver prices rebound as weak U.S. jobs data weighs on the dollar and Treasury yields, while key breakout levels may decide the next major move.
Silver Price Forecast: XAG/USD rises above $62.50 as Fed rate cut bets ease
PBOC sets USD/CNY reference rate at 6.8047 vs. 6.8088 previous
Gold gains momentum above $4,100 after weak US NFP data
USD/CHF Price Forecast: A shooting star forms, bear's eye 0.8000
Gold surges as weak US NFP knocks US Dollar
AUD/USD Price Forecast: Bearish bias persists below 0.7000
As the trading week approaches its close, gold is showing a relevant short-term recovery. XAU/USD is up more than 2.00% and is trading back above the 4,000 dollars per ounce area, supported by a weaker US dollar after the NFP release.
The Euro to Dollar (EUR/USD) exchange rate has recovered to around 1.1430 after rebounding from recent multi-month lows, although Citi believes the broader risks remain tilted to the downside. Citi maintains its three-month EUR/USD forecast at 1.13 and expects the pair to trade around 1.14 over the following six to 12 months, with scope.
The American currency found itself under pressure as traders reduced bets on hawkish Fed.
Pound Sterling Price News and Forecast: GBP/USD rallies as weak NFP smashes Fed hike bets
USD/CAD is testing its first meaningful support since breaking to fresh yearly highs, with the next move likely to shape the.
Silver Price Forecast: Weak NFP pushes XAG/USD to the top of its weekly range
The first trading days of July have brought plenty of movement – but very few clear answers.
The gold market rallied on Thursday, as the jobs number in the US had disappointed traders, with an addition of just 54,000 jobs in June. The United States will be on holiday for Friday, so be aware of the liquidity issues.