The yellow metal has shown a tendency this week to surge in the morning hours and reverse its direction in the afternoon.
The common European currency continued its rebound against the US Dollar on Friday morning. However, during the Thursday's trading session there was a jump to the upside, which might have triggered a lot of short stop losses.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
The yellow metal remained near the same levels as on Wednesday, as the bullion searched for direction.
The common European currency surged on Thursday morning and met with resistance against the US Dollar.
On Wednesday the yellow metal's price slightly surged, as the bullion recouped Tuesday's losses.
The EUR/USD currency exchange rate moved higher during Wednesday's trading session, as it recouped Tuesday's losses.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
As it was forecasted, gold began to retreat after a second failed attempt to break through the resistance put up by the weekly PP at 1,140.81.
The Euro retreated on Tuesday morning against the US Dollar in accordance with a recently formed descending channel pattern.
Gold continued to erase losses on Monday, as the yellow metal approached resistance put up by the newly calculated weekly pivot point at 1,140.81.
The common European currency traded in limbo around the 2015 low level, which is located at 1.0462 on Monday against the US Dollar.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
Both building permits and housing starts dropped more than expected last month, suggesting that the Q4 growth rate could be possibly revised downwards.
Gold erased some of the losses posted on Thursday with a green candle Friday morning, but still remained below the senior downtrend which it dived underneath amid the Fed rate hike announcement Wednesday afternoon.
US consumer prices rose at a slower pace last month compared with October but the underlying inflation trend remained promising.
Britain's retail sales advanced unexpectedly during previous month as Black Friday discounts led consumers to splurge on electronics and household goods.
EUR/USD bumped against the weekly S1 at 1.0419 on Thursday and further proved the area below to be unreachable with a green candle Friday morning.
US retail sales rose modestly last month due to lower sales of motor vehicles, official figures revealed on Wednesday.
The number of unemployment benefit claims in Britain rose less than expected last month, while the unemployment rate held steady.