Analyzes

The US dollar is gaining against the Canadian dollar, supported by a golden cross and weak Canadian fundamentals, with a bullish target set at 1.4250.

Gold experiences intense volatility in the Asian trading hours on Friday, driven by a bout of profit-taking and risk-off flows, following the latest parabolic rise to new record highs near $4,380.

Speculative interest keeps hoarding Gold, with the bright metal nearing the $4,300 mark on Thursday. The XAU/USD pair reached $4,291.89 in the American afternoon, maintaining the upward pressure and aiming to test the next psychological threshold.

EUR/USD extends its rebound on Thursday, climbing to multi-day highs around 1.1680, a region also coincident with its temporary 55-day SMA.

The Australian Dollar (AUD) quickly gave up Wednesday’s gains, slipping back below the 0.6500 mark against the US Dollar (USD) despite the Greenback also struggling.

Gold (XAU/USD) surged to an all-time high of $4,242 as safe-haven demand rises amid global tensions, Fed rate cut bets, and strong ETF and central bank buying.