US import prices dropped markedly last month after two consecutive monthly gains, amid the lower cost of imported petroleum and stronger US Dollar.
According to the Office for National Statistics, the UK's cost of living went up to 1.2% in November, showing the highest level in more than two years.
The Bullion opened green on Wednesday, picking up where it left off above the broken trend-line of the month-long channel.
EUR/USD acted against expectations and got distracted by supply pressures elevating it towards the upper trend-line possibly for repeated tests over the next few days.
After posting a small green candle on Monday, gold re-entered the expected gloomy trend on Tuesday with an attempt to reenter the channel it broke out of before.
EUR/USD opened non-volatile with resistance at 1.0646 and support way below at 1.0564.
Mood of American shoppers improved markedly in December, following Donald Trump's surprise victory in the US presidency elections, official figures revealed on Friday.
Mood of American shoppers improved markedly in December, following Donald Trump's surprise victory in the US presidency elections, official figures revealed on Friday.
Mood of American shoppers improved markedly in December, following Donald Trump's surprise victory in the US presidency elections, official figures revealed on Friday.
Mood of American shoppers improved markedly in December, following Donald Trump's surprise victory in the US presidency elections, official figures revealed on Friday.
Gold respected the upper boundary of the month-long channel seen on the hourly chart, and opened with a red candle with directional risk at the senior downtrend of 1,149.11.
EUR/USD opened below the November low at 1.0552 just to prove the rate unsustainable at that level and post a green candle with a reading of 1.0576 Monday morning.
The number of Americans filing for unemployment benefits dropped from five-week highs last week, official figures revealed on Thursday.
British industrial production posted the biggest monthly fall in more than four years in October after the temporary shutdown of the UK's largest oilfield.
Following a break out of the channel Gold had followed for a month, XAU/USD remained both above the channel trend-line and the 1,169.10 level of significance.
EUR/USD opened squeezed between the weekly Pivot Point at 1.0635 and weekly S1 strengthened by the bottom Bollinger Band at 1.0581/74 after a stormy session on Thursday.
UR/USD opened green on Thursday, with the aim of putting the top senior channel boundary up for tests.
XAU/USD tested the resistance at 1,178.21 Thursday morning, but is yet to confirm a breakout with a close above.
The number of job openings was little changed in October, official figures revealed on Wednesday.
British industrial production posted the biggest monthly fall in more than four years in October after the temporary shutdown of the UK's largest oilfield.
The United States' services sector activity hit its one-year high last month, official figures revealed on Monday.
Gold remained completely flat throughout Tuesday's trading session and opened in the red zone Wednesday morning.
Growth in the largest sector of the British economy accelerated at the fastest pace since January last month, although managers' view of the economy's long-term prospects deteriorated significantly, a private survey revealed on Monday.
EUR/USD opened at 1.0718 Wednesday morning and failed to make any notable moves to exit the tight trading range it has been stagnating in.