The number of Americans filing for unemployment benefits increased to 269,000 in the week ended July 30, compared to the preceding week's reading of 266,000, whereas market analysts pencilled in a slight drop to 265,000 in the reported period, fresh figures from the Department of Labour showed on Wednesday.
As markets expected, the Bank of England (BoE) introduced a range of additional monetary policy measures and upgraded its growth and inflation forecasts at its August meeting on Thursday amid Britain's decision to leave the European Union.
Gold is once again bouncing at the door of the first weekly resistance. Previously the yellow metal did not broke the weekly R1 at 1,366 and backed off from it to 1,350 on Thursday.
The common European currency found support in the monthly PP at 1.1107 in the evening of Thursday, and it moved higher afterwards against the US Dollar.
US private companies added more jobs than expected in July, the ADP report revealed on Wednesday.
Activity in Britain's services sector dropped to its lowest level since March 2009 following the country's decision to leave the European Union, fresh data from HIS/Markit revealed on Wednesday.
The yellow metal did not broke the weekly R1 at 1,366 and bounced off from it to 1,350 on Thursday.
The Euro has erased all of its week's gains against the US Dollar, as the currency pair fell to 1.1150, and keeps moving lower.
With yesterday's data on inflation and personal spending failing to justify a stronger Greenback, USD/JPY fell nearly 1.5% after plummeting more that 3% last Friday.
Britain's construction PMI index faced its steepest downturn in seven years in July, suggesting that output in the construction industry dropped considerably, since the economy is at risk of recession after June's Brexit vote.
On Wednesday the yellow metal struggles with the first weekly resistance at 1,366.06. Gold surged above the 1,365 level, as the metal continued its slow surge.
The Euro was depreciating on Wednesday morning, as profit taking most likely is occurring after the previous surge on Tuesday.
US manufacturing activity contracted in July after Britain's decision to leave the European Union, official data from the Institute for Supply Management (ISM) revealed on Monday.
The activity of manufacturing sector in the UK economy surprised to the downside during the previous month, slipping into the contraction territory, since Brexit-related uncertainty had a great effect on the UK factory sector.
Gold has surged above the 1,350 level, as the metal continues its slow surge.
The common European currency slightly surged on Tuesday morning after a decline by the end of Monday's session.
The yellow metal surged to the 1,350 level on Friday. Previously, on the announcement of no rate change by the FOMC gold prices jumped by 20 US dollars.
The Bank of Japan (BoJ) announced an introduction of additional monetary stimulus at the end of its two-day meeting on Friday.
The number of people filing for unemployment benefits in the United States last week rose more than expected, fresh figures from the Department of Labor revealed on Thursday.
The common European currency is trading flat on Monday morning, as markets await for PMI Manufacturing data from Europe and the US.
The number of people filing for unemployment benefits in the United States last week rose more than expected, fresh figures from the Department of Labor revealed on Thursday.
The number of people filing for unemployment benefits in the United States last week rose more than expected, fresh figures from the Department of Labor revealed on Thursday.
The yellow metal continues to fluctuate around the level reached after the FOMC meeting. On the announcement of no rate change by the FOMC gold prices jumped by 20 US dollars.
The EUR/USD pair has finally started to move in a certain direction, as the currency exchange rate is in the third consecutive session of gains on Friday.