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United States CFTC S&P 500 NC Net Positions fell from previous $-213.2K to $-226.8K

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GBP/USD nearing 1.2400, bulls on hold

GBP/USD is up for the day and heading into the weekly close, although missing momentum. Dismal United Kingdom macroeconomic data undermines demand for the Pound despite the US Dollar’s lack of appeal.

GBP/USD News

Gold struggles around $1930s, drops on buoyant US Dollar

Gold price retreats from multi-month highs ahead of the weekend due to the US Dollar (USD) recovering some ground and elevated US Treasury bond yields, despite recessionary fears around the US economy. Hence, the XAU/USD is retracing from daily highs of $1937.91, exchanging hands at $1926.42, down 0.28%.

Gold News

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David Carroll

David Carroll is a Journalist at Flaunt Weekly.

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