Forecasting the upcoming week: Busy week with focus on the US labour market
The US Dollar (USD) has managed to regain composure and trim part of the severe sell-off that kicked in in late mid-July.
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Gold Weekly Forecast: Bulls take a breather following three-week rally
After rising nearly 14% in a three-week rally and reaching its highest level since mid-May near $4,700, Gold (XAU/USD) corrected lower to end the week in negative territory.
Gold Price Forecast: XAU/USD resumes profit-taking pullback before Warsh’s Jackson Hole speech
Gold is back in the red below $4,600 early Friday, resuming its corrective decline from 15-week highs of $4,697 earlier this week.
Gold recovers $4,600, buyers unwilling to give up
Spot Gold changed course mid-Thursday, trading around $4,610 during the American session after bottoming for the day at $4,566, a fresh weekly low. The US Dollar (USD) lost its footing despite persistent tensions in the Middle East, with attention on the stock market for a change.
Australian Dollar Price Forecast: Up, up, up, you go
The Aussie Dollar extends its multi-week recovery, finally approaching the key 0.7200 barrier against the US Dollar.
Diesel’s record $100 warning: The oil shock hiding in plain sight
The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message.