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EUR/USD edges higher toward 1.0650 ahead of the weekend
EUR/USD has stretched higher toward 1.0650 in the American session on Friday with the US Dollar staying under selling pressure amid falling US T-bond yields. The risk-averse market atmosphere, however, seems to be limiting the pair’s upside heading into the weekend.
GBP/USD holds near 1.2150, looks to post weekly gains
GBP/USD has gained traction and returned to the 1.2150 area following the earlier pullback toward 1.2100. The pair remains on track to end the week in positive territory with the US Dollar staying on the back foot during the American trading hours on Friday.
Gold jumps to eleven-month high past $1,960
Gold price retreated to the $1,960 after having touched its highest level since April at $1,965 in the early American session on Friday. The benchmark 10-year US Treasury bond yield is down nearly 5% on the day near 3.4%, allowing XAU/USD cling to its impressive daily gains.