technical

Gold (XAU/USD) broke out of its four-month-old trading range and rallied to a new record-high near $3,600, fuelled by safe-haven flows and renewed US Dollar (USD) weakness.

After failing to make a decisive move in either direction on Thursday, GBP/USD gathers bullish momentum and trades above 1.3450 in the European session on Friday. The pair faces a strong resistance at 1.3480 as investors await the August labor market data from the United States (US).

EUR/USD gains traction and climbs above 1.1650 in the European session on Friday after posting marginal losses on Thursday. The pair’s near-term technical outlook hints at a bullish tilt as investors gear up for the release of the August employment report from the United States (US).

Gold (XAU/USD) builds on the previous day’s bounce from the vicinity of the $3,500 psychological mark and gains some follow-through positive traction on Friday.

The Euro (EUR) slipped again on Thursday, drifting back toward 1.1630 against the US Dollar (USD), where it finally found some short-term support. The move came as the Greenback staged a recovery, with the US Dollar Index (DXY) erasing earlier losses to steady near 98.50.

Spot Gold retreated from the all-time high at $3,578.50 posted this week, falling towards $3,511.18 early on Thursday.