Gold bounces off one-week low on soft USD, upside seems capped

Gold (XAU/USD) rebounds from a one-week low, around the $4,340 area touched during the Asian session on Wednesday and, for now, seems to have snapped a three-day losing streak. The Bank of Japan (BoJ)-inspired rally in the Japanese Yen (JPY) keeps the US Dollar (USD) depressed near its lowest level in over two weeks, which, […]

Head-and-Shoulders risk builds below $67

Silver price struggles to clear a key technical resistance near $67.00, retraces to two-day lows at $65.31, and records a 1.42% loss. The non-yielding metal failed to sustain its early gains amid elevated US bond yields, driven by rising inflationary pressures. XAG/USD Price Forecast: Technical Outlook The white metal appears to be forming a head-and-shoulders […]

Mexican Peso flatlines as traders brace for Mexico’s fiscal package

The Mexican Peso remains unchanged against the US Dollar on Tuesday as market participants await the release of Mexico’s Fiscal package, which will be delivered to the Mexican Congress for approval. At the time of writing, the USD/MXN trades at 16.91 flatlined. USD/MXN steadies as fiscal plan and US inflation loom On September 2, Mexican […]