Gold Price Forecast: XAU/USD soars on geopolitical tensions, dovish Fed rate cut speculation

Gold price rallied sharply on Friday, spurred by a risk-off impulse due to tensions arising around the Red Sea, as the US and the UK retaliated against Houthi's attack on a US ship on Thursday.
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GBP/JPY backslides as Pound Sterling softens, UK data comes in mixed

The GBP/JPY backslid on Friday, slipping back from the week’s peak bids near 186.17 as the Pound Sterling (GBP) broadly softens and markets bid up the Japanese Yen (JPY).
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