Analyzes

Gold (XAU/USD) attracts buyers for the fifth straight day and climbs to the $4,330 region during the Asian session on Monday.

Gold prices added roughly 3% in the week, flirting with the $4,350 mark on Friday, to finally settle at around $4,330. Despite its safe-haven condition, the bright metal rallied in a risk-on scenario, amid broad US Dollar (USD) weakness.

The EUR/USD pair surged to a fresh monthly high of 1.1762 in the second week of December, closing it with gains a handful of pips below the level.

The Pound Sterling (GBP) notched up a third straight week of gains, finally breaking through the 1.3400 mark. It’s been a steady climb, and one that says more about the other side of the pair than anything happening at home.

The US Dollar has continued to fall significantly, while the US stock market failed by its record high, and Silver continued to lead precious metals higher.

The GBP/USD has gone into this weekend near 1.33670, this after starting the week around 1.33100 and touching a momentary high about 1.34325 on Thursday.