Forex Daily Forecast, Analysis and Prediction

Gold prices settled at $1288.31 an ounce on Friday, suffering a loss of 0.29% on the week, as strength in global equities curbed appetite for the safe-haven metal.

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Gold prices ended Thursday’s session nearly unchanged, taking a breather after jumping 0.9% the previous day.

The US dollar did very little against the Japanese yen during the trading session on Thursday, which would not be a huge surprise considering that the Americans would have been away for Thanksgiving.

The WTI Crude Oil market rallied again during the day on Thursday, and what would have been slightly then markets, as Americans were a way for Thanksgiving.

The S&P 500 market initially fell during the trading session on Thursday, but turned around to reach towards the 2600 level.

The EUR/USD pair rallied a bit during the session on Thursday, as Americans would have been away for Thanksgiving.

The EUR/USD pair rallied significantly during the session on Wednesday, reaching towards the 1.1825 level.

Gold prices ended Wednesday’s session up $11.41 an ounce as the dollar weakened after minutes from the Federal Reserve’s latest meeting showed some officials were concerned over the inflation outlook.

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