Gold (XAU/USD) extends gains on Friday, pushing past the recent $3,760-$3,720 range. At the time of writing, XAU/USD is trading around $3,780, hovering just below the all-time high of $3,791 set earlier this week, as the US Dollar (USD) corrects lower in the wake of the latest US economic data. Source: fxstreet.com (Read Full Article)

The price jump in Copper, temporarily rising by almost 5% in reaction to the news that the operator of the important Grasberg mine in Indonesia has declared force majeure on contracted supplies, demonstrates how fragile market sentiment is regarding the supply situation. Source: fxstreet.com (Read Full Article)

There is scope for US Dollar (USD) to test 7.1500 before a pullback can be expected; 7.1600 is unlikely to come into view. Source: fxstreet.com (Read Full Article)

The Euro (EUR) reverses its course against the British Pound (GBP) amid a scarce economic docket in Europe and the UK on Friday, although geopolitics could be the reason that pushed the shared currency lower. EUR/GBP trades at 0.8729, down 0.14% at the time of writing. Source: fxstreet.com (Read Full Article)

In an op-ed published in The Times, Bank of England (BoE) policymaker Swati Dhingra argued that shocks driving the UK’s high inflation will fade and that they should not be overly cautious about cutting interest rates. Source: fxstreet.com (Read Full Article)

The Japanese Yen (JPY) firms against the US Dollar (USD) on Friday, with USD/JPY taking a breather after a sharp two-day rally that had propelled it to its strongest level since August 1 on Thursday. Source: fxstreet.com (Read Full Article)