FxAnalysis

The British Pound (GBP) stalled its recovery from six-week lows near 1.3300 against the US Dollar (USD), as sellers continued to lurk above the 1.3450 region.

Gold (XAU/USD) struggled to attract buyers as uncertainty surrounding the conflict between the United States (US) and Iran caused markets to continue pricing in a hawkish tilt in the Federal Reserve (Fed) policy expectations. 

The Indonesian Rupiah is sliding deeper into uncharted territory. The problem here isn’t just the Rupiah, but the increasing signs that market pressure is overpowering policy action, bringing back painful memories for many emerging currencies in Asia. 

Gold is struggling to sustain this week’s recovery, trading close to $4,550 early Friday after witnessing good two-way business on Thursday.

In a recent interview with Chris Marcus of Arcadia Economics, Money Metals Exchange CEO Stefan Gleason deplores the superficiality with which the issue of auditing the U.S. gold reserve at Fort Knox continues to be treated by the Trump administration and financial news organizations.

The Aussie Dollar’s uptrend seems to have met some decent resistance in the 0.7270-0.7280 band so far, with AUD/USD still looking for a strong catalyst to extend its rally and dispute the yearly peaks and higher levels.