Gold price is seeing a sharp pullback after hitting fresh two-week highs near $3,410 early Friday. Traders digest the latest tariff headlines as the bright metal heads for a second straight weekly advance.
The Euro (EUR) left behind part of its weekly rebound vs. the US Dollar (USD) on Thursday, with EUR/USD coming under renewed selling pressure soon after reaching new highs around 1.1700 the figure.
Gold price remains stable on Thursday, having flirted with the $3,400 mark early in Asian hours but retreating afterwards. The FX board is all about the US Dollar (USD) and United States (US) President Donald Trump’s tariffs.
The Aussie found initial strength on Wednesday, sending AUD/USD to the vicinity of the 0.6550 zone, or multi-day highs. However, the subsequent resumption of the bid bias in the US Dollar (USD) caused the AUD/USD to give up those gains and eventually return to the 0.6500 neighbourhood.
The Aussie found initial strength on Wednesday, sending AUD/USD to the vicinity of the 0.6550 zone, or multi-day highs. However, the subsequent resumption of the bid bias in the US Dollar (USD) caused the AUD/USD to give up those gains and eventually return to the 0.6500 neighbourhood.
The EUR/USD pair extended its weekly advance to 1.1698, retreating from the level ahead of Wall Street’s opening. The US Dollar (USD) fell throughout the first half of the day amid United States (US) President Donald Trump threatening fresh tariffs left and right.