Gold declines on profit-taking and firmer US Dollar, eyes on US PCE data

The Gold price (XAU/USD) edges lower during the Asian trading hours on Friday. The yellow metal retreats from near a five-week high of $3425 in the previous session amid some profit-taking.

US Dollar Index surges near 98.00 ahead of PCE Price Index data

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after three days of losses and trading around 98.00 during the Asian hours on Friday.

NZD/USD advances to near 0.5900 ahead of US PCE inflation data

The NZD/USD pair extends its upside to near 0.5900 during the Asian trading session on Friday. The Kiwi pair strengthens as the market sentiment is favorable for riskier assets on firm expectations that the Federal Reserve (Fed) will cut interest rates in the September policy meeting.

Australian Dollar gains support on robust Private Sector Credit growth

The Australian Dollar (AUD) moves little against the US Dollar (USD) on Friday, following three days of gains. However, the AUD/USD may further appreciate as the US Dollar (USD) could struggle amid renewed dovish sentiment surrounding the Federal Reserve (Fed) policy outlook.

EUR/USD falls to near 1.1650 ahead of German Retail Sales, CPI data

EUR/USD loses ground after three days of losses, trading around 1.1660 during the Asian hours on Friday. Traders await July Retail Sales and August preliminary Consumer Price Index (CPI) data from Germany later in the day.