Free Forex Signals

• Gold price falls sharply to near $3,300 as the US Dollar performs strongly across the board.
• The US Dollar trades firmly ahead of US tariff deadline on July 9.
• Traders pare Fed dovish bets on better-than-projected US NFP data for June.

Gold price (XAU/USD) is down almost 0.8% to near $3,300 during the European trading session on Monday. The yellow metal faces a sharp selling pressure as risk-off market sentiment has increased safe-haven demand of the US Dollar (USD).

Technically, higher US Dollar makes the Gold price an expensive bet for investors. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, revisits the weekly high around 97.45.

• British Pound flat lines near 215.00 as looming intervention risks support JPY
• EUR/JPY Price Forecast: Euro holds above 183.75 with bearish pressure mounting
• British Pound: Sterling gains strength against Euro – Societe Generale
• Euro climbs further beyond 1.1400 as USD weakens ahead of US NFP report
• Euro weakens vs Yen amid slower Eurozone inflation, Japan intervention fears