FxAnalysis

Gold is back in the green, re-attempting the $4,200 mark early Friday, partly reversing Thursday’s pullback from three-week highs of $4,245.   

EUR/USD clinches its third consecutive day of gains, this time reaching fresh monthly peaks near 1.1660 and staying en route to hit its second weekly advance in a row.

Gold price peaked on Thursday at $4,245 a troy ounce, a fresh three-week high, but it trimmed part of its intraday gains and currently hovers around $4,200.

The Australian Dollar (AUD) faces some extra upside impulse on Thursday, motivating AUD/USD to briefly revisit the 0.6580 region, or multi-day highs, leaving behind its provisional 100-day and 55-day SMAs.

Gold just had an explosive 5% surge as the US government shutdown ending eliminates uncertainty. In the video, we expose why the Fed’s “fly blind” positioning amid data disruption could supercharge Gold’s record momentum.

Gold prices surged past $4200 as safe-haven demand and Fed uncertainty drive bullish momentum, though indicators suggest a potential overbought condition is near.