Gold prices fell $8.59 an ounce on Monday as easing tensions between the United States and North Korea boosted appetite for riskier assets.
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Gold prices are modestly lower in afternoon U.S. trading Monday as surging U.S. stock markets and a rebound in the dollar took some momentum
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Get the USD/CAD Forex signal for August 14, 2017 here.
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The EUR/USD pair initially fell during the day on Friday, but broke higher as we have cleared a couple of candles that formed hammers on the daily chart.
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Gold prices settled at $1290.38 an ounce on Friday, gaining 2.5% on the week, as recent volatility in global equity markets and a weaker dollar boosted prices.
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The WTI Crude Oil market initially fell during the day on Friday, but turned around to form a hammer.
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The S&P 500 bounced during the day on Friday, using what could be thought of as a trend line for support.
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The US dollar continues to look soft against the Japanese yen, as Friday initially had a bullish move, but then turned around to show a negative move.
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Get the weekly Forex forecast focusing on major pairs for the week of August 14, 2017 here.
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