Spot gold has seen sharp swings over the past 24 hours, briefly reaching a record high as weak U.S. economic data and rising geopolitical tensions boosted safe-haven demand. Technical indicators suggest that bullish momentum remains intact, with $3,340 emerging as a key support level. As investors turn their focus to U.S. jobless claims and the Federal Reserve’s next move, gold’s short-term price action is drawing heightened attention. Stay ahead of the market with the latest gold price analysis and identify timely investment opportunities.

The British pound continues its upward momentum against the US dollar, driven by diverging monetary policies between the UK and the US, as well as ongoing dollar weakness. This has pushed GBP/USD to a nearly six-month high. From a technical perspective, the pair remains in a bullish trend, with short-term potential to test the 1.3300 level. As markets turn their attention to upcoming US retail sales data and UK unemployment figures, the outlook for GBP/USD warrants close monitoring. Forex traders may consider buying on dips while maintaining strict risk management to capitalize on potential gains in the pound’s strength.