
GBP/JPY Price Forecast: Bulls eye 217.00 as rally extends
GBP/JPY Price Forecast: Bulls eye 217.00 as rally extends
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GBP/JPY Price Forecast: Bulls eye 217.00 as rally extends

Gold drifts higher above $4,500 on US Treasury buyback

Euro fades below 1.1700 as US Dollar rebounds on yields

The USD/JPY exchange rate climbed back above 159.00 on Thursday as renewed weakness in the Japanese yen combined with a recovery in the US dollar.As of writing, USD/JPY is trading around 159.03, according to the latest chart, after recovering sharply from the August selloff that briefly pushed the pair below 157.00. The rebound comes as US Treasury yields move higher again following their initial decline after the Treasury Department announced plans to increase buybacks of longer-dated government debt.

The Gold price held above $4,500 after a Treasury-led rally, while Morgan Stanley and UBS see scope for prices to climb above $5,000 in 2027. The Gold price consolidated above $4,500 on Thursday after this week's sharp fall in US Treasury yields revived demand for the precious metal.

Gold's bullish breakout continues to gain traction, with support holding and measured-move targets pointing higher as buyers challenge long-term resistance.

ING expects the silver price to average $68 in Q3 and $74 in Q4 as persistent supply deficits offset softer industrial demand. The Silver price in US Dollars (XAG/USD) price stood near $68.11 on Thursday, up 1.7% on the day and already close to ING's third-quarter average forecast.

Silver Price Forecast: XAG/USD tests 100-day SMA as rally extends

Pound Sterling Price News & Forecast: GBP/USD advances as traders digest solid US jobless claims

A tenth of the Silver in electronics is heading to one buyer

Gold pulls back as US yields recover after Treasury buyback

Silver pushes toward $69 as Treasury buyback weakens yields and the dollar. A sixth annual supply deficit and industrial demand keep buyers in while gold fades.

Sterling is attempting to extend its recent winning streak after yesterday's weekly opening-range break accelerated the advance to fresh three-month highs. Momentum continues to strengthen alongside the move, reinforcing the constructive medium-term technical backdrop even as the risk of near-term exhaustion begins to rise.

The American currency is moving higher as traders buy the dip.

The silver market has gapped higher to kick off the trading on Thursday, showing more buying again, as we are watching the US dollar and rates closely at the moment. The market looks strong, though, and this is something that is changing as of late.