News

Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in US Treasury bond yields following a strong inflation report, which keeps traders hopeful that the US Federal Reserve (Fed) will ease policy in 2025. XAU/USD trades at $3,289, down 0.83%.

United States CFTC Oil NC Net Positions fell from previous 186.4K to 165.7K

Eurozone CFTC EUR NC Net Positions up to €79.5K from previous €74.5K

United Kingdom CFTC GBP NC Net Positions up to £35.4K from previous £24K

Japan CFTC JPY NC Net Positions down to ¥164K from previous ¥167.3K

The Euro (EUR) remains steady against the US Dollar (USD) on Friday after a softer-than-expected US Personal Consumption Expenditures (PCE) Price Index, which was close to the Federal Reserve’s (Fed) 2% goal, lifted the pair from daily lows of 1.1312.

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USD/CHF trades subdued on Friday after a US report showed that inflation is approaching the Federal Reserve’s (Fed) 2% goal. Meanwhile, US President Trump complained about the slow negotiations between Beijing and Washington, which have roiled the markets.

The Australian Dollar (AUD) is consolidating against the US Dollar on Friday as fresh domestic data and monetary policy expectations for the Reserve Bank of Australia (RBA) and the US Federal Reserve (Fed) continue to drive price action.

Australia CFTC AUD NC Net Positions down to $-61.2K from previous $-59.1K