Safe-haven flows lifted Gold (XAU/USD) to a new record peak near $3,900 as investors reacted to the shutdown of the United States (US) federal government. Comments from Federal Reserve (Fed) officials and political developments in the US could impact Gold’s valuation in the near term.
After losing about 0.3% and snapping a four-day winning streak on Thursday, GBP/USD holds steady at around 1.3450 in the European session on Friday.
USD/JPY bounces from 146 support, with resistance at the 50-day EMA and 149. Bulls eye 151 if broken, while sub-145.50 would signal downside risk.
Silver failed to clear $48 resistance, with $46 support in focus. Bulls eye $45 for value buying, while a breakout could test the historic $50 ceiling.
Euro remains volatile, capped by 1.18 resistance. Support lies at the 50-day EMA and trendline; breaks lower could expose 1.16–1.14, while bulls eye 1.19–1.20.
Gold struggles near $3,900 but pullbacks toward $3,800 are seen as buying chances. Momentum targets $4,000 as rate cuts and global risks boost safe-haven demand.