Fundamental

Gold (XAU/USD) preserved its bullish momentum and climbed to its highest level since late July above $3,400.

GBP/USD loses its traction and trades in negative territory below 1.3500 after closing the previous three days higher. The pair’s near-term technical outlook points to a loss of bullish momentum.

After gaining about 0.4% on Thursday, EUR/USD seems to have entered a consolidation phase above 1.1650 in the European session on Friday. Investors await key July inflation data from the US.

Gold is pulling back from near five-week highs of $3,423 set on Thursday, snapping a three-day uptrend early Friday. Traders now await the US core Personal Consumption Expenditures (PCE) Price Index for a boost in Gold.

Nvidia stock is bouncing back in premarket trading, with $185 as key resistance and a breakout potentially driving a rally toward the $200 level.

The USD/JPY bounced from 147 support and the 50-day EMA, with the pair ranging between 147–149 and a breakout targeting 151 yen in the near term.