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Gold jumps above $4575 as bulls reclaim $4650: Next $4770?
Euro: Range consolidation against US Dollar as growth gap narrows – Societe Generale
Gold keeps firm tone and holds near four-month high on Monday, following almost 5% advance last week, with surprise US Treasury's buyback being mainly behind the latest rally.
Gold extends rally as markets await US PCE and Warsh's Jackson Hole speech
Euro: Positioning supports gradual gains against US Dollar – ING
Gold: Breakout sustains upward momentum – Societe Generale
Gold Price Forecast: XAU/USD pushes higher, but overbought RSI warns bulls
AUD/USD Price Forecast: Aussie eases from 12-week highs with bulls still in command
EUR/USD at highest level since may: What comes next?
The euro is being supported by improving European economic data and dollar weakness following the US Treasury's decision to expand its bond buyback program.
Gold bulls lead the markets
EUR/USD has regained ground in recent sessions, with the pair trading near 1.17 as broad-based weakness in the US dollar continues to dominate the foreign-exchange market. The main driver remains the changing monetary-policy outlook, with investors focused on whether the Federal Reserve can maintain a restrictive stance while the US economy shows signs of slowing.
Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD steadies around $69.00 amid US bond buybacks
Intraday levels show some weakness over the indicators that could lead to a correction before rebounding. As we see from the chart, the market is facing resistance around 1.1710 and if prices remain below it, a chance for a correction towards 1.1570 is likely.
