Gold opened with gap higher and above cracked $4500 level on Friday, as geopolitical situation escalated during the one-day break on Christmas and prompted traders into fresh longs. The latest US attack on Nigeria added to growing tensions over US pressure on Venezuela and war in Ukraine, which sees no results from the recent peace talks.…

Gold hit new record high following 1.8% acceleration in early Monday, which broke above psychological $4400 barrier and pushed the price further into uncharted territory. Increased safe haven demand on fragile geopolitical and economic situation contributed to the latest rally, driven mainly by growing expectations more dovish Fed’s stance in…

EURJPY hit new record high following 1.1% advance in post BoJ rate decision trading. Japanese yen weakened across the board after the Bank of Japan raised interest rates by 25 basis points to 0.75% (the highest in three decades) and left the door opened for further tightening. The pair is in steep ascend in past 10 months, which is the part of…

Gold bounced from key $4300 support zone (which contained attacks in past three days) with the price being on track for the fourth consecutive daily close above this level that adds to positive outlook. Fresh demand emerged from growing market expectations for more Fed rate cuts, keeping the price underpinned for probe through near-term…

Silver advanced over 4% and hit new record high ($66.51) on Wednesday, as demand for precious metals gained impetus after US data pointed to further softening in the US labor market that revived expectations for more dovish Fed’s stance on monetary policy. Fresh gains broke through two round-figure barriers ($65 and $66) and signaled…

Cable jumped above 1.3400 mark on Tuesday morning after better than expected December Manufacturing and Services PMIs (preliminary) offset weak numbers from labor report. Sterling maintains firm tone and holding just under new high in almost two months, ahead of key economic event of the day – releases of combined (Oct/Nov) US labor report, Oct…

The Euro maintains firm tone at the start of the week and holds near new multi-week high, posted last Thursday (1.1762). Bulls hold grip and probe again through cracked Fibo barrier at 1.1746 (61.8% of 1.1918/1.1468), also being on track for the third consecutive daily close above broken top of thick daily Ichimoku cloud (1.1693). However,…

Gold hit new highest in nearly two months on Friday, following break above recent range top ($4264) which signaled continuation of recovery leg from $3886 (Oct 28 low) and extension through psychological $4300 barrier. The yellow metal shined on improved sentiment, as markets expect more Fed rate cuts in the next year, despite cautious tone from…