
GBP/JPY Price Forecast: Evening star threatens 216.00 support
GBP/JPY Price Forecast: Evening star threatens 216.00 support
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GBP/JPY Price Forecast: Evening star threatens 216.00 support

PBOC sets USD/CNY reference rate at 6.7840 vs. 6.7829 previous

Gold retreats from three-month high to near $4,600 after US PCE data

The Aussie dollar is flying against the crosses, powered by a rapid increase in hawkish RBA pricing following the release of uncomfortably hot inflation data for July.

Higher-than-expected PCE data put pressure on gold prices today.

Gold prices are currently up close to 14% in the month of August and that's the strongest month for spot XAU/USD in at least 17 years, with a bit of time left to go. And more attractive than just the rally is how the move happened, with six months of digestion from the prior parabolic rally followed by a build of support at the $4k level.

Bitcoin vs Gold Price Prediction: Rally cools as US PCE inflation holds steady

Traders reduced bets on dovish Fed, which was bullish for the American currency.

The Canadian dollar has come under renewed pressure this week as the breakdown in U.S.-Canada trade negotiations added another layer of uncertainty to the domestic growth outlook. The subsequent escalation in tariffs has helped fuel the USD/CAD advance, with markets now assessing the potential economic fallout from a prolonged trade dispute.

Pound Sterling Price News and Forecast: GBP/USD retreats as sticky PCE revives Fed hike bets

Gold was down nearly 1.5% on the session, with US indices and Bitcoin also struggling. Is this a mere pause before more gains are seen, or have we already seen the end of the recent bullish advance?

Silver Price Forecast: Buyers struggle below the 100-day SMA

EUR/USD is holding near 1.1670 as ING keeps 1.17 for September and 1.18 year-end, with US policy risks still weighing on the Dollar. The Euro to Dollar (EUR/USD) exchange rate is holding around 1.1670 on Wednesday after a strong late-August advance carried the pair through several resistance levels that had frustrated Euro bulls earlier.

BofA analysts see silver reaching $75 in 2027, but its latest forecast also points to a sizeable correction before the next leg higher. The Silver price in US Dollars (XAG/USD) traded around $68.09 on Wednesday after an extraordinary August recovery lifted the metal almost 20% this month.

Gold price retreats from $4,700 as profit-taking emerges. Technical analysis highlights $4,500 support and $4,800 as the key breakout level.