Analyzes

Gold is seeing a second consecutive day of gains early Monday, having managed to reclaim the key $4,000 level on Friday.

The Pound Sterling (GBP) broke the previous consolidation against the US Dollar (USD) to the downside, as GBP/USD tested levels under 1.3300.

The EUR/USD pair edged lower and bottomed at 1.1542 on Thursday, ending the week in the red in the 1.1570 price zone on Friday. The US Dollar (USD) surged on the back of risk aversion, triggered by political woes on both shores of the Atlantic.

Gold (XAU/USD) continued to ignore overbought conditions this week and extended its rally to a new record-high above $4,000.

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