The U.S. dollar failed to hold gains against the Mexican peso, resuming its broader downtrend as traders eye 18.20 as a potential target in the coming weeks.

Gold is looking to find a strong foothold above the $4,000 threshold early Friday, with buyers returning in tandem with safe-haven flows.

EUR/USD extends its rebound beyond 1.1500 the figure on Thursday, building on the previous day’s recovery and putting further distance from recent lows around 1.1470.

Spot Gold enjoyed near-term demand throughout the first half of the day, peaking at $4,019.66 on Thursday. The XAU/USD pair changed course after the American opening, as Wall Street plunged, fueling demand for the US Dollar (USD), particularly against safe-haven and commodity-linked rivals.

The Australian Dollar (AUD) rapidly faded Wednesday’s gains, forcing AUD/USD to resume its weekly move lower and to slip back below the key 0.6500 support zone once more.

The EUR/USD pair managed to recover some ground, trading as high as 1.1530 during European hours, holding nearby early in the American session.