EUR/USD extended its weekly uptrend on Wednesday and touched its highest level since October 17 near 1.1680. The pair corrects lower early Thursday and trades at around 1.1650.

Gold has entered a phase of upside consolidation, oscillating in a familiar range around the $4,200 mark, awaiting more US jobs data for fresh hints on the US Federal Reserve’s (Fed) interest rate outlook beyond the December monetary policy meeting.

EUR/USD keeps its bullish tone well in place for yet another day on Wednesday, this time advancing to the proximity of 1.1700 the figure and flirting at the same time with new seven-week tops.

Gold regains composure, leaves behind Tuesday’s slight pullback, and revisits the area beyond the $4,200 mark per troy ounce on Wednesday.

The Australian Dollar (AUD) adds to Tuesday’s decent gains, with AUD/USD advancing to just pips away from the key 0.6600 barrier for the first time since late October on Wednesday.

Gold remains in a firmly bullish trend despite a recent pullback, with traders eyeing $4140 as a buying opportunity amid strong central bank demand, dollar softness, and supportive technicals.