
Gold (XAU/USD) Price Forecast: Breakout Opens Path Toward $4,891
Gold's breakout above the 200-day moving average strengthens its bullish outlook, with multiple upside targets now in view if support continues to hold.
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Gold's breakout above the 200-day moving average strengthens its bullish outlook, with multiple upside targets now in view if support continues to hold.

DXY remains bearish below 99 while platinum targets 1927-1930 after breaking 1900, with gold, silver, palladium and copper testing key breakout levels.

As trading comes to a close this week, one of the most relevant themes across financial markets continues to be the strength displayed by gold in the short term. Over the last three trading sessions, the precious metal has gained nearly 7%, highlighting the return of a meaningful bullish bias within the market.

United States CFTC Gold NC Net Positions increased to $222.2K from previous $217.9K

Silver and platinum markets have also gained strong upside momentum.

Silver Price Forecast: XAG bulls test $70 as rally extends

Spot silver climbs more than 5% for the week as falling yields, a weaker dollar and rising open interest bring fresh money back into XAGUSD.

Is the biggest Gold and Silver bull run since the 1970s about to begin?

USD/JPY bulls continue to bid dips and we saw that again after the surprise announcement of increased Treasury buybacks. And while the Japanese Yen is just 13.6% of the DXY basket, given that the USD/JPY pair is still more than 50% above the early-2021 level there's still the illustration of a crowded long trade.

EUR/USD Price Forecast: Bulls test 1.1700 as RSI turns overbought

Gold hits three-month peak above $4,600 as Middle East risks fuel rally

Pound Sterling Price News & Forecast: GBP/USD dips but remains on track for weekly gains

The American currency attempts to gain upside momentum as PMI data points to strong economy.

Crude Oil eyes more upside, USD/CAD could extend lower

The EUR/CHF rate could be set to return to 0.9400 as low volatility favours franc-funded carry trades, while its quarterly path points to 0.93. The Euro to Swiss Franc (EUR/CHF) exchange rate held close to 0.9350 on Friday as ING argued that subdued volatility could renew demand for franc-funded carry trades.