The yellow metal continued the Friday's surge in the early hours of Monday's trading session. However, the bullion encountered resistance just below the 1,220 mark and began a retreat.
The common European currency is beginning a short term retreat against the US Dollar, as on Monday morning the pair encountered a resistance level, against which it bounced off.
US homebuilding activity advanced more than expected in the last month of 2016, official figures revealed on Thursday.
EUR/USD took up where it left off on Thursday's session by gaining some pips and posting a small green candle on the morning part of the session.
Following an exit from the channel up pattern that led Gold out of its senior channel, XAU/USD inched up again and it appears that the bottom boundary of the junior broken channel will be up for tests now.
The unemployment rate in Britain held steady last month, while the number of unemployment benefit claims declined, surpassing analysts' expectations.
Following two consecutive volatile sessions, EUR/USD acted according to plan and did not manage to weigh below the 55-day SMA of 1.0616.
Following two consecutive volatile sessions, EUR/USD acted according to plan and did not manage to weigh below the 55-day SMA of 1.0616.
More expensive gasoline and rental accommodation boosted US consumer inflation last month, official figures showed on Wednesday.
The unemployment rate in Britain held steady last month, while the number of unemployment benefit claims declined, surpassing analysts' expectations.
Manufacturing activity in the State of New York dropped more than expected in January, results of the latest The Empire State Manufacturing Survey showed on Tuesday.
British consumer prices showed solid growth in December, due to the weak Sterling, official figures revealed on Tuesday.
After reaching a resistance cluster near 1,219 mark the yellow metal slightly declined and reached as low as 1,211. However,
The EUR/USD currency exchange rate has hit a resistance level and started to decline. As a result
US retail sales rose more than expected last month amid higher demand for furniture and automobiles, figures showed on Friday.
As uncertainty increases, the more the yellow metal surges. On Tuesday the bullion was above the 1,210 level, and it showed no sign of stopping.
The common European currency is one more attempting to break out of the medium term ascending channel, in which it has been against the US Dollar since the middle of December.
In the United Kingdom, demand for bank lending among small and medium-sized enterprises dropped in the last quarter of 2016 in the wake of the country's decision to leave the European Union, according to the Bank of England's quarterly Credit Conditions Survey released on Friday.
In the United Kingdom, demand for bank lending among small and medium-sized enterprises dropped in the last quarter of 2016 in the wake of the country's decision to leave the European Union, according to the Bank of England's quarterly Credit Conditions Survey released on Friday.
US retail sales rose more than expected last month amid higher demand for furniture and automobiles, figures showed on Friday.
Gold continued to surge on Monday, as it had found support on Friday. The bullion was set to climb to the 1,211 mark soon
The EUR/USD currency exchange rate retreated on Monday and fell down to trade near the 1.06 mark. The move lower occurred due to a
The number of Americans filing for unemployment aid advanced less than expected last week, official figures showed on Thursday.
The number of Americans filing for unemployment aid advanced less than expected last week, official figures showed on Thursday.