The Pound Sterling (GBP) accelerated its bullish momentum against the US Dollar (USD), with GBP/USD recording its highest level in four years near 1.3870 before experiencing a late pullback.
Gold (XAU/USD) kept winning this week, and on Thursday it briefly reached new all-time highs just beyond the $5,600 mark per troy ounce. Since then, the yellow metal has entered a correction phase, as some traders took profits at the right time and the US Dollar (USD) rose sharply.
The crazy bullish bubble in Silver and Gold finally burst, while Crude Oil hits multi-month highs on rising war tensions in the Gulf, and the US Dollar bounces back as Warsh is nominated to Fed Chair by President Trump.
The GBP/USD has gone into this weekend near the 1.36832 mark, writing this is much easier on a Sunday when Forex is not moving at the heightened velocity the marketplace endured last week.
WTI Crude Oil went into this weekend near the 65.730 price, this after hitting a high around the 66.500 mark on Thursday – a price essentially last seen on the 26th of September 2025.
Weekly analysis of oil, Forex, gold, silver and major indices. Identify key levels, volatility and potential trading opportunities.