The yellow metal continues its gradual move downward, as it is in its seventh consecutive session of decline against the US Dollar.
The Euro depreciated against the US Dollar, as the Greenback gained strength due to Janet Yellen expressing that there might not only be one rate hike in 2016, but actually two rate increases.
New orders for US manufactured capital goods climbed in July for a second month, fresh figures revealed on Thursday.
The yellow metal continues to trade above the 1,320 mark, as it shuffles around the weekly S2 at 1,322.76.
New orders for US manufactured capital goods climbed in July for a second month, fresh figures revealed on Thursday.
The EUR/USD currency pair broke through the resistance put up by the weekly pivot point at 1.1281 by the end of Thursday's trading session, and the surge continues on Friday
Existing home sales in the United States dropped more than expected last month after rising for four consecutive months, official figures revealed on Wednesday.
Existing home sales in the United States dropped more than expected last month after rising for four consecutive months, official figures revealed on Wednesday.
Gold has finally moved out of the fluctuating range, in which it had been since August 4, as the yellow metal fell during Wednesday's trading session. At the beginning of Thursday's trading the commodity found support and slightly rebounded.
On Thursday morning the EUR/USD pair is stuck between the monthly R1 at 1.1263 and the weekly PP at 1.1281, as the rate is waiting for new data to make a move.
New home sales in the United States rose more than expected in July, official data showed on Tuesday.
New home sales in the United States rose more than expected in July, official data showed on Tuesday.
On Wednesday morning the bullion continues to fluctuate around the level of 1,336, to which it fell the previous session.
The Euro reached the second monthly resistance against the US Dollar, as forecasted before. However, the currency exchange rate bounced off the level and began to fall, which continues into Wednesday.
Initial jobless claims posted a surprise fall, fresh data revealed on Thursday.
Britain's retail sales rose more than expected last month, fresh data from the UK Office for National Statistics revealed on Thursday.
The yellow metal is set to surge and, amidst the surge, to struggle with the 20-day SMA at 1,340.40.
The common European currency fell down to the support cluster below on Monday and rebounded against it, as the currency exchange rate continued to surge on Tuesday.
The bullion began its fall on Friday, and it did not stop on Monday morning, as the metal reached the weekly S1 at 1,331.
As it was forecasted before, the EUR/USD pair did not pass the resistance at 1.1353 on Friday, and it is moving lower on Monday.
Initial jobless claims posted a surprise fall, fresh data revealed on Thursday.
Britain's retail sales rose more than expected last month, fresh data from the UK Office for National Statistics revealed on Thursday.
On Friday morning, the bullion reached the monthly pivot point at 1,345.31, as the commodity price was falling. However, gold rebounded against the monthly PP, and started bouncing between the 1,351.70 level and the monthly PP at 1,345.31.
The Euro met with resistance against the US Dollar at 1.1353, which it is not capable of passing, as the currency exchange rate reached the monthly R2 on Thursday.