
Gold Bounces After Repeated Failure at Key Support
Gold extends recovery into second consecutive day and hits the highest since Sep 9 on Friday, with lower oil prices being dominant driver that offsets anticipated negative impact from Fed rate hike.
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Gold extends recovery into second consecutive day and hits the highest since Sep 9 on Friday, with lower oil prices being dominant driver that offsets anticipated negative impact from Fed rate hike.

Central bank meetings in the U.S. and Japan were the main focus last week. Both the Federal Reserve and Bank of Japan raised interest rates by 0.25% as expected, but their comments caused large market moves.

PBOC sets USD/CNY reference rate at 6.7487 vs. 6.7521 previous

A hawkish Fed, surging short-dated Treasury yields and a firmer dollar failed to deliver the kind of damage usually seen in p.

AUD/USD pulls back into a quieter week featuring Australian jobs data, RBA speakers and the Trump–Xi summit.

A near-1% weekly fall leaves the Euro exposed to further Dollar gains, although both banks see ECB tightening limiting the decline. The Euro to US Dollar exchange rate (EUR/USD) finished Friday near 1.1486, almost 1% lower over the week, with ING warning of a possible test of 1.1400.

Gold Price has recovered towards $4,380, but UniCredit expects higher rates to restrain gains even as central banks and investors support demand. The gold price (XAU/USD) ended Friday near $4,380 an ounce, close to the lower end of UniCredit's revised $4,300-$5,000 forecast range for end-2026.

Year-end Pound-Euro forecasts differ at 1.15-1.16, while Crédit Agricole expects Sterling to strengthen towards 1.19 during 2027. The British Pound to Euro exchange rate (GBP/EUR) faces a year-end retreat towards 1.15 under ING's forecast, while Crédit Agricole expects Sterling to hold nearer 1.16 before recovering in.

A near-1% weekly fall leaves the Euro exposed to further Dollar gains, although both banks see ECB tightening limiting the decline. The Euro to US Dollar exchange rate (EUR/USD) finished Friday near 1.1486, almost 1% lower over the week, with ING warning of a possible test of 1.1400.

The Japanese Yen weakened despite Japan's rate hike, but Rabobank's three-month forecast rests on stronger wages and a lasting return of domestic inflation. Rabobank's three-month FX forecast puts the US Dollar to Yen exchange rate (USD/JPY) at 154.00, below Friday's close near 156.88 after a week of solid US Dollar.

Silver bounced $2.08 off its low as the dollar stalled near a seven-week high. XAGUSD now needs to hold $66.75 to challenge $68.33.

XAUUSD is pressing $4,405.59 as buyers extend a counter-trend rally. A break could expose the next major resistance zone.

A hawkish Federal Reserve and a tough hawkish bar for the Bank of Japan to clear helped USD/JPY post its largest weekly advance since October 2025, sending the pair more than five big figures off the lows tagged earlier this month.

AUD/USD Price Forecast: Bulls eye 0.7200 after 0.7100 break

The Japanese yen continues to face challenging conditions in the short term. By the end of the week, USD/JPY had gained nearly 2.00% over the previous five trading sessions, highlighting ongoing weakness in the yen and showing that the U.S. dollar continues to gain ground.