Wednesday's trading session is set to be all about fundamental events. Meanwhile, technical charts
The bullion remained almost flat during the first half of Tuesday's trading. However, various signs indicate that a surge is upcoming.
The number of Americans filing for unemployment benefits dropped unexpectedly last month, official figures revealed on Thursday.
On Monday, the British Prime Minister Theresa May had an interview with the BBC channel's Andrew Neil.
The EUR/USD currency exchange rate was already above the 1.12 mark, as Angela Merkel made comments publicly in regards to the monetary policy of ECB and pushed the currency exchange rate even higher.
The number of Americans filing for unemployment benefits dropped unexpectedly last month, official figures revealed on Thursday.
UK retail sales rebounded markedly last month despite the post-Brexit sharp fall in the value of the Pound.
The bullion begins the new week with a decline. However, all clues indicate that the gains of the yellow metal are still set to increase.
After reaching the 1.12 mark the EUR/USD currency exchange rate has paused its surge.
The number of Americans filing for unemployment benefits dropped unexpectedly last month, official figures revealed on Thursday.
UK retail sales rebounded markedly last month despite the post=Brexit sharp fall in the value of the Pound.
On Friday the yellow metal was regaining its losses, which were suffered on Thursday. Various clues were indicating that the bullion will regain all of its losses.
After a session of consolidation and suffering some losses on Thursday, on Friday morning the common European currency was regaining its lost ground against the US Dollar.
The yellow metal has booked a session of one of its largest gains in the recent history. However, signs show that the surge is not over.
US homebuilding activity dropped in April; however, revisions of the preceding month's readings suggested that homebuilding activity continued improving.
Pay growth in the United Kingdom dropped below inflation for the first time in more than two years, official figures revealed on Wednesday.
The Euro has stopped the surge against the US Dollar. However, it also has a strong enough support to not give up a lot of ground.
The bullion continues on its path higher, as the metal's price is approaching the 1,250 mark.
The long term ascending channel has been broken. The currency exchange rate is scoring new gains, as it reaches above the 1.11 mark.
US homebuilding activity dropped in April; however, revisions of the preceding month's readings suggested that homebuilding activity continued improving.
UK consumer inflation climbed more than expected last month amid the sharp fall in the value of the Pound caused by Britain's decision to leave the European Union.
Although the bullion encountered resistance on Monday, on Tuesday the metal continues on its path higher.
The Euro is reaching long unseen heights against the US Dollar on Tuesday.
Manufacturing activity in the New York state deteriorated unexpectedly in May, falling into the negative territory for the first time since October, official figures revealed.