Gold Price Forecast: XAU/USD plunges with renewed US Dollar demand
The US Dollar surged in the American session, driving XAU/USD down to $2,011.72, a fresh weekly low.
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The US Dollar surged in the American session, driving XAU/USD down to $2,011.72, a fresh weekly low.
The EUR/USD pair trades at the lower end of its weekly range as the US Dollar gathers strength mid-European morning.
USD/MXN reversed after briefly testing the 200-Day Moving Average (DMA).
BMY has pulled back to two historically bearish trendlines
The US Dollar (USD) sees its gains in the runup to the Richmond Manufacturing numbers being partially erased with yet another miss on estimates. Markets meanwhile are having difficulties with the Bank of Japan (BoJ) rate decision this Tuesday.