Weekly Forecasts

Gold faces bearish pressures as it remains entangled with the strong US Dollar and delayed rate cut expectations, with key support at $2010 preventing a breakdown, while silver encounters short-term resistance amidst consolidation over the longer term.

The British Pound faces a bearish outlook against the US Dollar, with a mixed backdrop of UK economic data and minimal upcoming releases. As the Pound contends with challenges, attention shifts to the US Dollar's influence, indicating a prevailing downtrend in GBP/USD. Sterling's defense of key support levels and resistance posed by a downtrend line provide a dynamic backdrop for traders to watch closely in the coming week.