Gold price surges on Wednesday and posts a record high of $3,895, yet it has since retreated somewhat, trading with gains of over 0.30%.
The EUR/GBP drops during the North American session after the latest release of inflation in the Eurozone came aligned with estimates, but slightly above the European Central Bank (ECB) goal. The cross trades around 0.8696, down 0.36%.
The USD/CHF consolidates at around the 20-day Simple Moving Average (SMA) at 0.7955 down 0.05% as Wednesday’s Asian Pacific session begins. The technical picture shows that the pair might bottom at around current levels, despite refreshing yearly lows in mid-September at 0.7829.