Malaysia Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
Market narrative
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Malaysia Gold price today: Gold falls, according to FXStreet data
Forex
EUR/USD Price Forecast: Bulls remain cautious below 23.6% Fibo. and 1.1470 hurdle
AUD/JPY Price Forecast: Gains traction above 113.00, bullish trend stays firm above 100-day SMA
By the time the Bank of Canada announces its policy decision today, the Canadian Dollar has already built a powerful foundation for further gains. USD/CAD has fallen to its lowest level in nearly a month, supported not by a single catalyst but by three reinforcing forces: a broad retreat in the US Dollar after softer inflation data, higher oil prices that strengthen Canada's export outlook, and growing expectations that the Bank of Canada may sound more hawkish than markets anticipated only a week ago.
Gold edges lower as elevated oil prices bolster Fed hike prospects and offset soft USD
Gold and silver rebound after softer US inflation data, but rising oil prices and Middle East risks may revive inflation concerns and limit further gains.
EUR/JPY Price Forecast: Remains near the symmetrical triangle top around 185.50
The British Pound remained in a positive zone above 1.3320 against the US Dollar. GBP/USD corrected some gains from 1.3450, but the bulls protected losses.
GBPAUD currency pair recently reversed from the resistance zone between the key resistance level 1.9365 (former monthly high from March), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from December.
Silver Price Forecast: XAG/USD hovers near $58.50 amid market caution
PBOC sets USD/CNY reference rate at 6.7910 vs. 6.7990 previous
Gold climbs to near $4,050 on softer US CPI
The US dollar weakened after softer US CPI, but mixed futures positioning and fragile technicals suggest gold bulls still fac.
NZD/USD Price Forecast: Advance stalls at SMA clusters, bulls eye 0.59
GBP/JPY Price Forecast: Hold above 217.00, next target is 218.00
Gold remains under pressure as converging moving averages reinforce resistance, leaving bears in control while traders watch for either a downside continuation or a bullish breakout.
For the first time this cycle, a silver miner has filed hard numbers on a forced production cut, and a mine-safety crackdown in China is behind it, not anything the price did.
Euro gains as softer US inflation weighs on US Dollar
USD/CHF Price Forecast: Pulls below 0.8100 but remains bullish
Gold price jumps as US inflation knocks the US Dollar off its pedestal