The Sterling experienced mixed performance for another day, mostly amid Greek deal hopes and US Existing Home Sales showing a lot better-than-expected figures.
Demand for the safe-haven asset was curbed yesterday, following relatively successful negotiations between Greece and its creditors, which sent the bullion's price significantly to the downside.
The common European currency traded strongly on the topside yesterday, following the progress made during Greece-creditors negotiations, as the proposals from Athens were mostly accepted by the institutions.
The Greenback experienced mixed performance over Friday.
The Sterling experienced mixed performance on Friday, as it not just appreciated against some major peers, but also declined against the others.
Gold failed to extend gains on Friday, as the US Dollar returned to growth and pushed the precious metal 0.14% lower on the daily basis.
Despite three consecutive weeks of US Dollar's losses against the single European currency, on Friday the Greenback managed to advance marginally, just by 0.06% versus the Euro.
The US Dollar mostly suffered losses yesterday, with exception versus the Kiwi, as it gained 0.89% against it.
The British Pound appreciated against most major peers yesterday, with exception against the Aussie.
The yellow metal was undeniably the best performer of the yesterday's trading session, as it managed to surge by 1.38% on a daily basis.
Recently the New Zealand Dollar has already posted a noticeable drop against the Euro and other majors on the foreign exchange, while yesterday we observed a similar development, as the EUR/NZD cross surged 1.07%.
The Greenback sustained serious losses on Wednesday.
The British Pound retains its title of one of the best-performing currencies, advanced against most major currencies yesterday.
The FOMC meeting yesterday used to have bearish impact on the US Dollar, as the Fed decreased US GDP growth forecasts for this year, while adding that the pace of monetary policy tightening is likely to be slower than anticipated in 2016.
Yesterday, the single currency posted a 0.8% climb in value against four major currencies all around the world, including the Yen, Aussie, Kiwi and Greenback.
The US Dollar experienced mixed performance over Tuesday.
The British Pound was one of the best-performing currencies on Tuesday, as it appreciated against most major peers.
Despite an advance of gold after the US fundamentals on Tuesday, the market stayed broadly tepid ahead of the key meeting of the Federal Reserve on Wednesday, when greater volatility is expected from the bullion. Moreover, the metal still failed to climb enough in order to register a daily increase in value, as it fell 0.37% on the day-to-day basis.
The Euro traded on the downside versus all majors on Tuesday, while losing the most value against the Sterling and Canadian Dollar.
The US Dollar's performance over Monday was poor, as it mostly suffered losses.
The Sterling was one of the best-performing currencies on Monday, as it appreciated against most major peers, with exception against the Aussie.
Commodity market performed in the mixed environment on Monday, as the only distinct market mover was natural gas, which surged 5% during the first trading session of the week.
While initially trading on the topside, the Dollar pared gains versus its pan-European counterpart by the end of the session, following disappointing manufacturing production data from the US.
The Greenback experienced mixed performance on Friday, as It appreciated against some major peers and declined against the others.