Created
: 2025.03.28
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Forex Today: Gold climbs to new record-high, markets await US inflation data
World FX news
Breaking news
Forex Today: Gold climbs to new record-high, markets await US inflation data
New
2025.03.28 16:37
2025.03.28 16:37
2025.03.28 16:37
Here is what you need to know on Friday, March 28:
Markets cling to a cautious stance to start the last trading day of the week. The European economic docket will feature consumer and business sentiment data on Friday. Later in the day, February Personal Consumption Expenditures (PCE) Price Index data from the US, the Federal Reserve's preferred gauge of inflation, will be scrutinized by market participants.
US Dollar PRICE This week
The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.20% | -0.36% | 0.75% | -0.22% | -0.35% | 0.21% | -0.18% | |
| EUR | -0.20% | -0.67% | 0.03% | -0.38% | -0.56% | 0.05% | -0.34% | |
| GBP | 0.36% | 0.67% | 1.13% | -0.34% | 0.08% | 0.73% | 0.23% | |
| JPY | -0.75% | -0.03% | -1.13% | -0.98% | -1.12% | -0.53% | -0.95% | |
| CAD | 0.22% | 0.38% | 0.34% | 0.98% | -0.07% | 0.43% | 0.04% | |
| AUD | 0.35% | 0.56% | -0.08% | 1.12% | 0.07% | 0.63% | 0.24% | |
| NZD | -0.21% | -0.05% | -0.73% | 0.53% | -0.43% | -0.63% | -0.33% | |
| CHF | 0.18% | 0.34% | -0.23% | 0.95% | -0.04% | -0.24% | 0.33% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The US Dollar (USD) weakened against its major rivals on Thursday as US President Donald Trump's tariff announcements revived concerns over an economic downturn in the US. During the American trading hours, the currency benefited from the risk-averse market atmosphere and limited its losses. Early Friday, the USD Index fluctuates in a narrow range below 104.50. The annual PCE inflation is forecast to hold steady at 2.5% in February.
The Bank of Japan's Summary of Opinions showed early Friday that one policymaker noted that inflation was "somewhat overshooting" expectation. In the meantime, the Tokyo Consumer Price Index rose by 2.9% on a yearly basis in March, following the 2.8% increase recorded in February. After posting gains for two consecutive days, USD/JPY edges lower and trades near 105.50 in the European morning on Friday.
The UK's Office for National Statistics reported on Friday that Retail Sales rose by 1% on a monthly basis in February. This reading followed the 1.4% increase recorded in January and came in better than the market expectation for a decrease of 0.3%. GBP/USD holds its ground following the upbeat UK data and trades marginally higher on the day above 1.2950.
EUR/USD gained nearly 0.5% on Thursday and snapped a six-day losing streak. The pair stays in a consolidation phase at around 1.0800 in the European morning on Friday.
Gold gathered bullish momentum after moving sideways in the first half of the week and climbed to a new record-high. XAU/USD extends its rally early Friday and trades at a fresh all-time peak above $3,080.
Gold FAQs
Gold has played a key role in human's history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn't rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country's solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Last updated
: 2025.03.28
Related articles
NZD/USD weakens to near 0.5700 as Trump's tariffs loom
39 minutes agoUSD/CAD consolidates in a range above 1.4300 mark amid mixed cues
2025.03.31 12:11Japanese Yen advances to one-week high against USD amid the risk-off mood
2025.03.31 11:44GBP/USD attracts some buyers above 1.2950 on weaker US Dollar
2025.03.31 11:36Japan's Kato: Have agreed with the US that excessive moves on forex are undesirable
2025.03.31 10:56Australian Dollar climbs after upbeat Chinese PMI data
2025.03.31 10:40
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Gold price climbs beyond $3,100, sets fresh record high amid trade woes
Gold price (XAU/USD) attracts strong follow-through buying for the third consecutive day and climbs beyond the $3,100 mark, hitting a fresh all-time peak during the Asian session on Monday.
New
2025.03.31 13:52NZD/USD weakens to near 0.5700 as Trump's tariffs loom
The NZD/USD pair edges lower to around 0.5705 during the Asian trading hours on Monday.
New
2025.03.31 13:41USD/CAD consolidates in a range above 1.4300 mark amid mixed cues
The USD/CAD pair struggles to capitalize on its modest bounce from the monthly low touched last Wednesday and kicks off the new week on a subdued note amid mixed cues.
New
2025.03.31 12:11Japanese Yen advances to one-week high against USD amid the risk-off mood
The Japanese Yen (JPY) strengthens against its American counterpart for the second consecutive day on Monday and hits a one-week high during the Asian session on Monday.
New
2025.03.31 11:44GBP/USD attracts some buyers above 1.2950 on weaker US Dollar
The GBP/USD pair gathers strength to near 1.2965 during the Asian trading hours on Monday.
New
2025.03.31 11:36Gold price conquers $3,100 for the first time ever on tariff war fears
The record rally in Gold price remains unabated as buyers conquer the $3,100 threshold for the time on record. Heightening fears of a potential global trade war and stagflation in the United States (US) intensify safe-haven demand for the traditional store of value, Gold.
New
2025.03.31 11:27Japan's Kato: Have agreed with the US that excessive moves on forex are undesirable
Japanese Finance Minister Katsunobu Kato said on Monday, they "have agreed with the US that excessive moves on forex are undesirable."
New
2025.03.31 10:56Australian Dollar climbs after upbeat Chinese PMI data
The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the upbeat Chinese economic data.
New
2025.03.31 10:40China's March NBS Manufacturing PMI rises to 50.5, Non-Manufacturing PMI jumps to 50.8
China's Manufacturing Purchasing Managers' Index (PMI) edged higher to 50.5 in March from 50.2 in February, the official data released by the National Bureau of Statistics (NBS) showed on Monday.
New
2025.03.31 10:33PBOC sets USD/CNY reference rate at 7.1782 vs. 7.1752 previous
On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1782 as compared to Friday's fix of 7.1752 and 7.2593 Reuters estimate.
New
2025.03.31 10:15Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
