Gold (XAU/USD) gains some positive traction during the Asian session on Friday, climbing back above the $3,900 mark and snapping a three-day losing streak to its lowest level since late September, which it touched the previous day.
RBC Economics notes that U.S. growth and labour-market momentum remain strong, with GDP forecasts revised higher to an average of 2.4% in 2026–2027 and unemployment expected near historical lows at 4.2%. Rising core inflation and producer-price data suggest building pressures, reinforcing expectations for further Fed tightening and a larger U.S. hiking cycle relative to Canada.
The 160.00 level, where Japan has bought Yen twice this year, was reached on Thursday for the first time since early September, and USD/JPY didn't stay above it. The session high was just over the level and the pair is trading just under it, almost exactly where it started.