The US Dollar may extend its losses against its G10 peers as signs of economic stabilization alleviate demand for haven-linked assets like the Greenback.

Gold prices are on course for a 6th consecutive weekly gain, the first time in over a year.

The Australian Dollar may fall as rising US coronavirus cases may result in lockdowns being reinstated. The S&P 500 and Dow Jones also look wobbly with earnings season in full swing.

The DXY Index has been weighed down by concerns over the United States’ coronavirus surge.

A shift in the RBA’s forward guidance should heighten the appeal of the Australian Dollar if the central bank prepares to remove the yield target later this year.

Gold prices accelerated higher as longer-dated Treasury yields declined. While the Dow Jones and S&P 500 rose, stock valuations will be tested as earnings season gets underway. The Euro awaits the …

Gold prices accelerated higher as longer-dated Treasury yields declined. While the Dow Jones and S&P 500 rose, stock valuations will be tested as earnings season gets underway. The Euro awaits the …

A plethora of UK data, however, external factors remain the key driver as GBP/USD edges towards 200DMA.

Gold price gains seem to depend on monetary stimulus expansion and may turn lower as contraction of the Federal Reserve’s balance sheet underpins the US Dollar.

Gold prices may surrender to the US Dollar if another wave of the coronavirus hammers global growth prospects and destabilizes the fragile corporate debt market.