Wednesday's preliminary estimate of the UK's gross domestic product for the second quarter matched analysts' estimates, but signalled that its expansion has lost some momentum in relation to the previous year.
The yellow metal continues to gain on Monday.
On Monday morning the common European currency had resumed its surge against the US Dollar.
The yellow metal's price continues to trade above the 1,260 mark. The reason for that is
The initial reaction to the release of the Census Bureau's report on the US durable goods orders was limited, as markets were focusing on the underlying data rather than the jump in the headline measure, which left the USD/JPY currency pair holding below the 111.40 mark.
Wednesday's preliminary estimate of the UK's gross domestic product for the second quarter matched analysts' estimates, but signalled that its expansion has lost some momentum in relation to the previous year.
After the jump of the EUR/USD currency exchange rate , which was caused by the FOMC Statement, the currency exchange rate has retreated.
Following a release of the FOMC statement, the US Dollar lost ground against the Japanese Yen, sending the currency pair down to the 111.70 area from earlier highs located above 112.00.
Wednesday's preliminary estimate of the UK's gross domestic product for the second quarter matched analysts' estimates, but signalled that its expansion has lost some momentum in relation to the previous year.
The bullion has surged above the 1,260 mark. The reason for that is the FOMC Statement.
The Federal Reserve has granted the EUR/USD with more force, as the rate has reached above the 1.1750 mark.
The decline of the yellow metal continued on Wednesday. Moreover, it is most likely going to continue in the short term.
After encountering the 2015 high level the EUR/USD currency exchange rate began a retreat, which continued on during Wednesday morning hours.
The stronger-than-expected UK retail sales report failed to support the British Pound, as the gain was thought to be related to temporary warm weather effects.
The stronger-than-expected UK retail sales report failed to support the British Pound, as the gain was thought to be related to temporary warm weather effects.
The yellow metal has bounced off the monthly pivot point, which was described previously.
The EUR/USD currency pair remained near the 1.1650 mark on Tuesday morning.
Monday's Markit survey showed that the preliminary PMIs for the US manufacturing and services sectors almost matched analysts' forecasts and had little initial impact on the USD/JPY currency pair.
The stronger-than-expected UK retail sales report failed to support the British Pound, as the gain was thought to be related to temporary warm weather effects.
The stronger-than-expected UK retail sales report failed to support the British Pound, as the gain was thought to be related to temporary warm weather effects.
Monthly data on the US Building Permits contributed to the second straight day of gains in the USD/JPY currency pair.
In line with expectations, the new trading week the yellow metal started above the 1,250 mark.
The surge provoked by Mario Draghi speech stopped near the 1.1681 level.
The bullion has found support and has been propelled higher by fundamental events.