Gold extends rally as Japan intervention hammers US Dollar

Gold extends rally as Japan intervention hammers US Dollar

Gold (XAU/USD) prints back-to-back days of gains, up over 0.50% as the US Dollar extends its losses amid Japan’s intervention in the market and amid news that Iran submitted a new proposal drove Oil prices lower. At the time of writing, the XAU/USD pair trades at $4,643 after bouncing off daily lows of $4,560. Bullion […]

EUR/USD trims gains as fresh Trump tariff threats, Iran woes lift USD

EUR/USD trims gains as fresh Trump tariff threats, Iran woes lift USD

The EUR/USD pair is trading near the 1.1730 level on Friday’s late American session, trimming almost all its intraday gains, after United States (US) President Donald Trump threatened to raise the tariff rate on European Union (EU) cars and trucks from 15% to 25% and said he isn’t happy with the latest proposal sent by […]