Fundamental

Gold is struggling under the weight of rising global interest rates, with $4,600 acting as key support while rallies are likely to be sold.

WTI crude oil remains rangebound between $85 support and $100 resistance, with geopolitical headlines continuing to drive volatile price swings.

EUR/USD stays under modest bearish pressure and declines toward 1.1500 on Friday after posting losses for three consecutive days. The near-term technical outlook and the risk-averse market atmosphere suggest that the pair could have a difficult time staging a decisive rebound in the near term.

The USD/JPY pair turns positive for the fourth straight day following an intraday dip to the 159.45 area and touches a fresh high since July 2024 during the early European session on Friday.

Gold reverses a part of the previous decline early Friday, taking on the $4,400 level once again. Despite the rebound, the bright metal remains on track to book its fourth straight weekly loss.

EUR/USD fades its recent recovery attempt and refocuses once again on the downside, while the US Dollar’s (USD) firm performance continues to weigh on the risk-linked universe and keeps the sentiment sour, all following geopolitical concerns.