Gold edged lower on Wednesday near a two-week low, as a stronger dollar and signs of easing friction between the USA and China dented demand.
Gold is now more than 5% below its late-February 2019 peak of $1,346 per ounce.
Meanwhile, investors now await the release of U.S. Federal Reserve's minutes at 1900 BST, which is expected to provide insights into the May 1 meeting by the central bank, when policymakers kept interest rates steady.
On Monday, Fed Chair Jerome Powell reiterated his unmoved stance stating it was premature to ascertain the impact of trade tariffs on monetary policy
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions:
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EUR/USD stays in positive territory above 1.0850 after US data
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EUR/USD clings to modest daily gains above 1.0850 in the second half of the day on Friday. The improving risk mood makes it difficult for the US Dollar to hold its ground after PCE inflation data, helping the pair edge higher ahead of the weekend.
GBP/USD stabilizes above 1.2850 as risk mood improves
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GBP/USD maintains recovery momentum and fluctuates above 1.2850 in the American session on Friday. The positive shift seen in risk mood doesn't allow the US Dollar to preserve its strength and supports the pair.
Gold rebounds above $2,380 as US yields stretch lower
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Following a quiet European session, Gold gathers bullish momentum and trades decisively higher on the day above $2,380. The benchmark 10-year US Treasury bond yield loses more than 1% on the day after US PCE inflation data, fuelling XAU/USD's upside.
Avalanche price sets for a rally following retest of key support level
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Avalanche (AVAX) price bounced off the $26.34 support level to trade at $27.95 as of Friday. Growing on-chain development activity indicates a potential bullish move in the coming days.
The election, Trump's Dollar policy, and the future of the Yen
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