Employment data released on Wednesday confirmed the view that pay growth in the United Kingdom slowed significantly following the country's decision to leave the European Union, which boosted inflation across the country amid the sharp fall in the value of the Pound.
US employers posted more open job positions in the second month of the year, official figures revealed on Tuesday.
British inflation remained unchanged in March compared to the prior month due to this year's later Easter and a slight fall in oil prices.
The yellow metal reached the 1,280 mark during the early hours of Wednesday trading. The jump of the bullion's price on Tuesday was caused by political turmoil, which caused a run to safety.
The common European currency remained almost flat against the US Dollar near the 1.06 mark on Wednesday morning in the wake of previous political events.
On Monday, Janet Yellen, the Chairman of the US Federal Reserve, delivered a speech on monetary policy at the University of Michigan.
In February, British total production experienced a 0.7% decrease compared to the previous month, the Office for National Statistics reported on Friday.
On Tuesday morning the yellow metal continued to fight with the resistance put up by the 200-day SMA and the weekly PP just above the 1,255 mark.
The common European currency did not fall against the US Dollar during the second half of Monday's trading session. However, it still remains positioned to do so in the near future, as the situation
US private companies created less positions than expected last month; however, a fall in the jobless rate suggested that the labour market remained on a strong footing.
The fundamental jump of the bullion's price, which occurred on Friday was also erased on Friday. On Monday the yellow metal trades below the 1,255 mark.
On Monday the EUR/USD currency pair traded flat. The reason for that might be the fact that the markets are expecting the speech of Janet Yellen later in the day, and until that no events are scheduled for the day.
In February, British total production experienced a 0.7% decrease compared to the previous month, the Office for National Statistics reported on Friday.
The number of Americans filing for unemployment benefits decreased more than expected last week, hitting the lowest level over the past five weeks, official figures revealed on Thursday.
The yellow metal's price has jumped due to the fact that at 01:00 GMT the US conducted a missile attack on Syria. Funds flow into safe haven investments like the bullion, the Yen and the Swiss Franc.
On Friday morning the EUR/USD currency exchange rate was trading at the support provided by the 23.60% Fibonacci retracement level, which is located at the 1.0639 level.
The PMI for the British services sector surprised many experts, who did not expect any significant change in March.
US manufacturing activity rose in line with analysts' expectations last month, a private survey revealed on Monday.
The PMI for the British services sector surprised many experts, who did not expect any significant change in March.
On Thursday morning the yellow metal made an attempt to break higher. However, the bullion once more failed. Due to that fact it is expected that another retreat to the 1,250 mark is about to occur.
On Thursday the common European currency traded against the US Dollar in the previously established rate, as the currency exchange rate was squeezed in by various levels of significance.
US manufacturing activity rose in line with analysts' expectations last month, a private survey revealed on Monday.
The Purchasing Manager's Index for the British construction sector slipped slightly last month, falling behind analysts' expectations.
On Wednesday morning the yellow metal had retreated to trade near the 1,255 level. There the bullion faced the resistance put up by the 200-day SMA, which