Gold prices added roughly 3% in the week, flirting with the $4,350 mark on Friday, to finally settle at around $4,330. Despite its safe-haven condition, the bright metal rallied in a risk-on scenario, amid broad US Dollar (USD) weakness.
The EUR/USD pair surged to a fresh monthly high of 1.1762 in the second week of December, closing it with gains a handful of pips below the level.
Silver continues its explosive rally, touching $65 on Thursday as momentum, short squeezes, and structural supply shortages drive extreme price action.
The US dollar recovered against the yen on Thursday after bouncing from the key 155 level, reaffirming it as strong support.
The NASDAQ 100 shook off early weakness from Oracle’s disappointing outlook on Thursday, reaffirming dip-buying behavior near the 25,000 support level.
Gold spiked higher Thursday, driven by strong momentum and tailwinds from Federal Reserve easing. With $4,200 holding as a key support level, the bullish trend points toward $4,400 next—and possibly $5,000 in the coming months.