After fluctuating in a relatively tight range in the first half of the week, Gold (XAU/USD) gained traction and climbed to a two-week high above $3,400 before correcting lower toward the end of the week.
GBP/USD stays in a consolidation phase near 1.3450 after rising more than 0.6% on Thursday. The pair’s near-term technical outlook suggests that there could be a downward correction before the next leg higher.
EUR/USD stays under modest bearish pressure and trades below 1.1650 in the European session on Friday, after closing virtually unchanged on Thursday. The pair’s near-term technical outlook highlights buyers’ hesitancy.
The USD/CAD pair attracts fresh sellers on Friday and slides back closer to a one-week low during the first half of the European session.
Gold price is seeing a sharp pullback after hitting fresh two-week highs near $3,410 early Friday. Traders digest the latest tariff headlines as the bright metal heads for a second straight weekly advance.
The Euro (EUR) left behind part of its weekly rebound vs. the US Dollar (USD) on Thursday, with EUR/USD coming under renewed selling pressure soon after reaching new highs around 1.1700 the figure.