Spot gold tests seven-week highs as a gold rally pauses near resistance. Fed rate cuts and Treasury yields keep the gold price outlook bullish above support.
Gold closed the week with four consecutive bullish sessions and a gain of more than 2%, as buying pressure attempts to consolidate once again in the market. For now, buying strength has begun to improve following this week's Federal Reserve decision and the recent pullback in market confidence, allowing gold—as a safe-haven asset—to recover ground in the short term.
The US Dollar tanked at the FOMC rate decision on Wednesday and both EUR/USD and GBP/USD broke out to fresh highs. Notably, however, USD/JPY retained bullish structure with ahold at the 155.00 level, setting the stage for next week's Bank of Japan rate decision.
Although the Pound has rallies since the budget, the UK currency has been under pressure over the past few months while the Swedish krona is a top performer this year. The Pound to Krona (GBP/SEK) exchange rate traded at 14.00 in late 2024, but there have been notable losses this year with the pair sliding to 3-year lows around.
United States CFTC Gold NC Net Positions: $2103K vs $202.3K
Gold reached its first major upside target Friday at $4,353 following Thursday's breakout, only to meet immediate selling that has price trading in the lower half of the daily range and threatening follow-through correction unless buyers defend quickly.
Silver Price Analysis: Drops after hitting all-time high, retracement risk looms
Gold remains bid as lack of Fed clarity and geopolitical frictions persist
AUD/USD steadies as focus shifts to PMIs, US Nonfarm Payrolls and CPI
The biggest winner from this week's Fed meeting has so far been metals, with silver jumping to a fresh all-time-high and gold prices continuing the breakout from the bull pennant formation and now re-approaching the ATH that set the highs back in October. Notably – the 4380 level held two separate tests while setting up a double top formation, and that led to the pullback and run down to 3900.
Pound Sterling Price News and Forecast: GBP/USD drops as UK GDP shrinks for second straight month
Silver pulled back towards the $61.00 level.
The American currency is moving higher as traders take some money off the table after the recent move.
EUR/USD stable near 1.1740 with Fed officials suggesting a pause in easing
Following Wednesday's dovish Fed meeting, the US dollar extended its slide yesterday, but has steadied during the first half of today's session as a bounce in bond yields offered the greenback some relief, particularly against the low-yielding Japanese yen. The recent bearish pressure on the dollar has stemmed not just from shifting rate expectations but also from typical end-of-year seasonality.
Silver hits record high at $64.3 – Commerzbank
Gold posts another strong week and appears poised for fresh all-time highs above $4,400. With silver leading and long-term macro pressures building, the trend favors buying dips while downside levels remain well-defined.
Silver continues an explosive, parabolic advance toward $65 amid short-squeeze conditions. While downside volatility remains a risk, the broader trend stays firmly higher, with pullbacks viewed as potential buying opportunities rather than shorting setups.
Gold reclaims $4,300 on Fed rate cut tailwinds – Commerzbank
The Fed's cutting cycle and overall 2025 US Exceptionalism from the Trump Administration have had a considerable effect on the demand for non-fiat assets, and Gold is the primary beneficiary of such demand.
Gold remains firmly bullish, with momentum building toward a potential break above $4,400. Pullbacks are viewed as opportunities as central bank demand and silver's strength continue to reinforce the broader upside trend.
GBP/JPY stays firm near multi-year highs as focus shifts to BoE and BoJ decisions
Silver remains volatile but constructive, pressing toward $65 with momentum intact. Pullbacks are still viewed as buying opportunities, with technical structure pointing toward a potential move to $68 despite rising instability.
The US dollar shows signs of regaining strength as the euro and British pound struggle near key resistance. With central bank decisions looming, markets appear range-bound, favoring fading rallies amid growing signs of exhaustion.
Silver surges to record highs as tight supply, ETF inflows, and speculation fuel a powerful rally. The silver market stays bullish despite correction risk.
USD/CAD remains under pressure as markets digest BoC pause, Fed rate cut
Gold price surges early in U.S. trade as buyers press a breakout, supported by dollar weakness, rate cut bets, and rising safe-haven demand.
EUR/GBP remains stable as German inflation steadies, UK GDP weakens
The euro to dollar exchange rate (EUR/USD) is seen trading at 1.17311, easing slightly in early Friday trade as investors reassessed the impact of this week's central-bank communication and positioned cautiously ahead of fresh policy signals. Rabobank argues that EUR/USD is likely to trade a broad and uneven range through 2026 as.
It's been a very light session in terms of data releases and newsflow. The main highlight was the UK GDP which missed expectations and weighed on the pound.
As we see from the Intraday chart, USDJPY is facing the chance for a trading zone between support 154.90 and resistance 156.15. Above 156.15 the chance for the advance wave will return and more advance towards 156.95 and 158.80 could hit the market.
GBPUSD managed to break above the resistance of 1.3360-70 which could push for a further advance. As we see over the Intraday chart, prices face a support zone around 1.3280-99 which could cause a move towards targets 1.3470 and 1.3600.
Prices advanced above the downtrend line as we see from the previous chart which could push for further advance. The support trend is still around 1.1590, where as long as prices hold above it, the advance could continue toward 1.1820.
USD/JPY consolidates ahead of BOJ meeting – OCBC
Gold nears record highs as dovish Fed outlook underpins demand
USD/JPY bounces back to near 156.00 despite firm BoJ rate hike bets
The Pound secured a significant rally after the UK budget with relief that there were no major unexpected tax hikes and an important element of short currency positions being closed while pessimism in options markets eased. The Pound to Euro (GBP/EUR) exchange rate hit 5-week highs above 1.1460 before a retreat to around 1.1430.
Silver Price Forecasts: XAG/USD hits fresh highs $64.00 as the US Dollar languishes
USD/CNH extends decline as CNY fix hits 14-month low – OCBC
Silver price today: Silver rises, according to FXStreet data
The EUR/USD pair rallied sharply to 1.1735 on Friday, propelled by a sustained sell-off in the US dollar. The move followed a widely anticipated Federal Reserve rate cut, which was accompanied by guidance that proved more accommodative than markets had expected.
On 27 November, we suggested that silver was preparing to challenge its all-time high. Since then (marked with the orange arrow), XAG/USD has risen by roughly 18%, breaking above the psychological $60-per-ounce threshold for the first time in history.
USD/CAD Price Forecast: Extends losing streak for fourth trading day
EUR/USD stands near two-month highs as Fed rate cut bets weigh on the US Dollar
Intraday bias in EUR/CHF remains neutral for the moment. Further rise is expected with 0.9325 support intact.
Intraday bias in GBP/JPY is turned neutral and some consolidations would be seen below 208.92 temporary top. Further rally is expected as long as 205.17 support in case of retreat.
The Dollar slips toward 98 as markets expect deeper Fed easing. With NFP and Retail Sales ahead, pressure builds on DXY while GBP/USD and EUR/USD show bullish structure.
EUR/JPY's rally is still in progress and intraday bias stays on the upside. Current up trend should target 100% projection of 161.06 to 173.87 from 171.09 at 183.90.
USD/CHF struggle near 0.7950 as traders expect more than one Fed rate cut in 2026
Looking at the 4-hour chart, the pair dipped below a bullish trend line with support at 155.70. The pair traded below the 50% Fib retracement level of the upward move from the 154.35 swing low to the 156.94 high.
AUD/USD Price Forecast: Turns sideways around 0.6660 as rally hits pause
EUR/JPY Price Forecast: Gathers strength above 182.50 with bullish RSI momentum
Pound Sterling Price News and Forecast: GBP/USD eyes the GDP release for October
USD/INR hits record high amid absence of US-India trade deal
GBP/JPY climbs back above mid-208.00s; looks to UK macro data for fresh impetus
A look at the day ahead in European and global markets from Gregor Stuart Hunter
EUR/USD weakens below 1.1750 on US Dollar rebound, Fed rate-cut expectations could cap losses
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
When are the UK data releases and how could they affect GBP/USD?
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
Gold retreats from multi-week top amid risk-on mood; downside seems limited
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
Silver Price Forecast: XAG/USD drifts higher amid rising demand, US critical minerals listing
PBOC sets USD/CNY reference rate at 7.0638 vs. 7.0686 previous
USD/CAD hangs near its lowest level since September 17, around 1.3770 area
NZD/USD gains ground above 0.5800 on weak US Jobless Claims data
USD/JPY weakens as BoJ rate hike bets grow and JGB yields rise. Traders watch U.S. data and Fed speakers for clues on the bearish outlook and key technical levels.
The Japanese yen continues to underperform across the FX board, with most major yen crosses extending their broader uptrends into mid-December. While short-term pullbacks have emerged, the underlying technical bias for USD/JPY, CHF/JPY and AUD/JPY remains constructive — helped along by favourable seasonality and steady demand for higher-yielding currencies.
AUD/USD holds steady above mid-0.6600s, close to nearly three-month peak
Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US Dollar
GBP/USD steadies at fresh near-term highs
USD/JPY attracts some sellers to near 155.50 on weak US jobs data
EUR/USD continues its rise as Dollar retreats on Fed action and soft data
Gold powered to $4,286 Thursday, exceeding the prior swing high of $4,264 and reclaiming the top of two rising trend channels for the second time while trading in the top quarter of the daily range and poised for the third-highest daily and potential weekly close ever.
The US Dollar finished the session on the back foot, giving back recent gains against most major counterparts. The greenback struggled to find demand as US Treasury yields softened across the curve, driven by a "normalization" in labor market data.
Over the past two trading sessions, USD/JPY has fallen sharply, losing more than 1% of its value as price action increasingly favors the yen in the short term. The current selling pressure began to intensify shortly after yesterday's Federal Reserve decision, which triggered structural weakness in the U.S. dollar.
The Pound US Dollar (GBP/USD) exchange rate remained volatile on Thursday, amid the sharp swings that followed the Federal Reserve's final interest rate decision of the year. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.34298 (+0.3%)Euro to Dollar (EUR/USD): 1.17564 (+0.46%)Dollar to Japanese Yen (USD/JPY): 155.1615.
Gold soars above $4,270 as Fed cut ignites Bullion breakout
AUD/USD Price Forecast:Overbought signals emerge as pair tests yearly peak
NZD/USD rises for fifth consecutive day on USD weakness, RBNZ support
Last week I looked at USD/CAD bears taking over, warning that they may be on the verge of a major move. That has since priced-in with the pair now showing oversold readings on the daily chart.
Silver markets test historic highs as rally continues.
Euro is on pace to mark a third-consecutive weekly advance with EUR/USD surging on the heels of the Fed rate decision yesterday. The rally is testing uptrend resistance today and a close above this threshold could unleash another bout of accelerated advances for the bulls.
The American currency is losing ground as traders focus on the weakness of U.S. labor market.
The Euro to Dollar (EUR/USD) exchange rate is trading around 1.17552, having pre-FED been confined to a relatively narrow ranges and failing to break above the 1.17 area. SocGen has a positive perspective on the short-term Euro outlook and expects a notable advance to 1.20 early in 2026.
EUR/USD hits nine-week highs as soft US jobs data pressures US Dollar
Foreign exchange analysts at Lloyds Bank expects the US dollar to fall against the euro, Norwegian krone, Swiss franc and Australian dollar in 2026, marking a shift toward broader USD underperformance as the Fed retreats to a neutral policy stance Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.34198 (+0.23%)Euro to Dollar... Exchange Rates UK - Exchange Rates and Foreign Exchange
GBP/JPY eases as Yen strengthens on rising BoJ rate-hike expectations
Gold prices have fallen from a post FOMC high of $4250/oz to lows around $4206/oz in early US trade. Market participants are assessing the Federal Reserve's (Fed) monetary policy outlook after the latest interest rate cut.
GBP/USD climbs above 1.34 as Fed cut and soft US data weigh on Dollar
Gold trades sideways as traders weigh the impact of Fed rate cuts and a $40 billion bond buyback program. Despite strong long-term momentum and central-bank demand, near-term hesitation suggests potential pullbacks within the broader uptrend.
Silver hits record highs as bullish momentum extends, but stretched levels raise correction risks as traders watch key support and tight supply fuels the silver outlook.
Silver spikes higher out of a bullish pattern before easing as New York trading begins. Support appears firm beneath the market, with targets near $65, strong momentum, and dip-buying interest extending as low as $57.50.
USD/JPY falls as US jobless claims rise, BoJ rate hike speculation grows
Intraday bias in EUR/USD remains on the upside at this point. The break of 1.1747 resistance should confirm that fall form 1.1917 has completed as a correction to 1.1467.
GBP/USD's rise from 1.3008 resumed by breaking through 1.3384 and intraday bias is back on the upside. As noted before, fall from 1.3787 should have completed as a three-wave correction to 1.3008.
USD/CHF's fall from 0.8101 resumes through 0.7990 and intraday bias is back on the downside. Further fall should be seen to 0.7877 support.