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Gold soars amid safe-haven demand

FXStreet (Córdoba) - Gold has advanced strongly on Thursday as mixed US data and lingering concerns over global growth outlook fueled appeal for safe-haven assets.

Spot gold rose more than 2% an ounce, breaking above the 100-day SMA and reaching its strongest level in a month at $1154.00/oz.

Market’s attention now turns to Federal Reserve Chair Janet Yellen, who is due to speak Thursday afternoon.

USD/JPY digs deeper towards 119.30

The greenback continues to give away ground vs. the Japanese yen in the second half of the week, now dragging USD/JPY to fresh daily lows in the 119.45/40 band...
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United States New Home Sales (MoM) above forecasts (0.52M) in August: Actual (0.55M)

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