Gold eases on profit-taking; US PCE data in focus
Gold (XAU/USD) edged lower during early European trading hours on Friday, retreating from a five-week high near $3,425 reached in the prior session. The decline comes amid profit-taking and a firmer US Dollar (USD), supported by upbeat US economic data. The latest US GDP report showed the economy expanded at an annualized pace of 3.3% […]
EUR/USD slips toward 1.1650 ahead of German data releases
EUR/USD extends its decline for a fourth consecutive session, trading near 1.1660 during Asian hours on Friday. Investors are awaiting Germany’s July Retail Sales and the flash Consumer Price Index (CPI) report for August later in the day. Attention will then turn to the US July Personal Consumption Expenditures (PCE) Price Index, due during the […]