Gold Price Forecast: XAU/USD extends slide toward $1,850, eyes 200-day SMA at $1,840 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
The US dollar gave up gains from early on Friday as traders tidied positions ahead of the end of the month and a holiday weekend after seeing new economic data confirm expectations about US inflation and the recovery from the COVID-19 pandemic.
The US dollar index of major currencies rose as much as 0.4 percent during the day in a sharp rebound from four-and-a-half-month lows plumbed on Tuesday before it fell back to flat for the day and the week at 89.99.
Ending with little change was a break from the downtrend since March that had taken 3 percent from
Dollar gives up gains for week as markets digest economic data streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.