The yellow metal jumped on Thursday morning and almost reached the 1,180 mark. However, before
EUR/USD acted as expected until the end of Wednesday's trading session, but then extended the rally further than forecast.
Gold opened Wednesday's session in the green zone, attacking the cluster of resistances at 1,185.12/1,168.04.
Growth in the US economy's manufacturing sector improved more than expected last month, official figures revealed on Tuesday.
The Manufacturing Purchasing Managers' Index climbed to 56.1 in December, up from 53.6 in November, official figures revealed on Tuesday.
Following increased volatility on Tuesday, Wednesday opened green for EUR/USD, showing less volatility as markets await the FOMC meeting minutes' release at 19:00 GMT.
Business activity in the Chicago region dropped unexpectedly in December, official figures showed on Friday.
Business activity in the Chicago region dropped unexpectedly in December, official figures showed on Friday.
Gold trading opened on Tuesday, following a lack of price change on Monday, caused by a banking holiday in the US.
EUR/USD opened with a small green candle, possessing decent upside volatility and lacking it on the downside.
Business activity in the Chicago region dropped unexpectedly in December, official figures showed on Friday.
Business activity in the Chicago region dropped unexpectedly in December, official figures showed on Friday.
Markets were closed for Bullion trading, causing no change in XAU/USD and making speculations on the nearest future performance less credible.
EUR/USD opened on the edge of the upper boundary of the channel down pattern it has been following for about two months.
The US job market finished the year on solid footing as an important indicator of layoffs continued to be near historically low levels, showing a resilient labor market.
The US job market finished the year on solid footing as an important indicator of layoffs continued to be near historically low levels, showing a resilient labor market.
The yellow metal continues to surge. However, by mapping its movements on larger scales, the big picture can be understood.
The common European currency experienced a flash jump against the US Dollar, as the currency exchange rate jumped to 1.0653 mark. The catalyst for the move was
US pending home sales dropped unexpectedly last month to the lowest level since January 2016, official figures revealed on Wednesday.
US pending home sales dropped unexpectedly last month to the lowest level since January 2016, official figures revealed on Wednesday.
Regarding the yellow metal's movement the hourly chart is where one should look for clues. The bullion once more
The EUR/USD currency exchange rate surged on Thursday morning, as it once more reached the 2015 low level at 1.0462. However, if compared with the whole previous week, something interesting happened.
Americans became more optimistic about the economy in December since the postelection bump in confidence continues.
Americans became more optimistic about the economy in December since the postelection bump in confidence continues.