The yellow metal did not fall, as the Bank of England announced no rate cut in July. Gold investors, just like the central bankers, want to wait out the Brexit storm.
The Euro started Friday with a surge, which did not continue into the day, as the EUR/USD pair fell, erasing all gains gained since June 28 and marking a new July low.
The yellow metal did not fall, as the Bank of England announced no rate cut in July. Gold investors, just like the central bankers, want to wait out the Brexit storm.
The Euro starts Friday with a surge, which, if remains maintained, will become the fifth consecutive session with booked gains against the US Dollar.
The number of Americans filing unemployment benefits remains unchanged compared to the previous week, demonstrating the lowest level since April, giving a hint that labour market started to recover amid a shaky global economy.
On Thursday, the Bank of England surprised markets by holding interest rates, despite hints from Governor Mark Carney that policy easing could be possible made earlier.
The U.S. labour market continued to slow in June but at a more moderate pace as the economy moved closer to full employment, according to an index prepared by the Federal Reserve.
According to the Mark Carney, criticism towards the Bank of England in the run-up to the EU referendum had been "extraordinary in all senses of the word".
The Bullion lost value, as certainty in the UK came evident, with Theresa May stepping into the prime ministers seat.
The Euro has started appreciating against the US Dollar in the past three sessions by moving upwards 70 pips. Most recently, the UK's new prime minister surfaced among the uncertainty and gave a boost to the European most concerning matter, the Brexit.
The U.S. labour market continued to slow in June but at a more moderate pace as the economy moved closer to full employment, according to an index prepared by the Federal Reserve.
According to the Mark Carney, criticism towards the Bank of England in the run-up to the EU referendum had been "extraordinary in all senses of the word".
The Bullion paused its surge on Monday, as, amidst uncertainty, the new PM of UK surfaced.
Most recently, the UK's new prime minister surfaced among the uncertainty and gave a boost to the European most concerning matter, the Brexit.
The U.S. labour market continued to slow in June but at a more moderate pace as the economy moved closer to full employment, according to an index prepared by the Federal Reserve.
According to the latest economic figures, Britain's retail sales went down last month, meaning that country is facing a lot of challenges following the vote to leave the EU.
The Bullion once again has paused its surge, as, amidst uncertainty, the new PM of UK surfaced.
The Euro has been fluctuating around the 1.1050 level for the past week, without clear direction.
On Friday, the US jobs market was surprised by positive economic data which expanded during the previous month, allaying fears that the economy was exposed for a sustained slowdown after a moderate start of this year.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
The Euro stopped its fluctuations around the 1.11 level against the US Dollar, as the EUR/USD pair moved lower on last Tuesday, and it has been moving slower since then.
The UK's total trade deficit in goods and services widened in May to £2.3bn in May; however, was not as bad as the £3.6bn forecasts made by economists.
The Euro stopped its fluctuations around the 1.11 level against the US Dollar, as the EUR/USD pair moved lower on Tuesday, and it has remained almost unchanged since then.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.