FX weekly: Imports and exports, XAU/USD and 14 currency levels and targets
DXY's 4 and 5 year average sits at 99.28 and 99.00. DXY opens the week at 104.29 and vital levels above exist at 104.40, 104.60, 105.25 and 106.72.
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DXY's 4 and 5 year average sits at 99.28 and 99.00. DXY opens the week at 104.29 and vital levels above exist at 104.40, 104.60, 105.25 and 106.72.
The spot price of Gold (XAU/USD) concluded another week in positive territory, adding +4.3% and refreshing record pinnacles at $2,330/ounce amid expectations of lower rates this year, geopolitical tensions and speculative buying.
In this week's Big Picture series we discuss key market signals and preview the upcoming week's ECB decision.
The gold market started a strong rally in 2024, which is just the beginning of a new wave and is expected to continue increasing prices.
The United States issued Iran-targeted sanctions on Thursday, as the Biden administration seeks to threaten Tehran's ability to fund its Middle Eastern proxies and support Russia's war in Ukraine.