European traders wake up to gold surge ahead of lighter trading session

<p>The dollar is steadier in trading today but remains in a rough spot, especially with USD/JPY threatening a firmer break below its 100-day moving average of 147.22 currently. That is not helped by falling Treasury yields as market players price in big bets on rate cuts for next year.</p><p>The headline-grabber so far today has been gold, in a standout push above $2,100 for the first time ever. The gains have cooled to around $2,089 now but that is still seeing the precious metal up 0.9% on the day currently.</p><p>The key focus in markets now shift back towards major central banks as outlined <a href="https://www.forexlive.com/news/central-banks-in-focus-over-the-next-two-weeks-20231204/" target="_blank" rel="follow">here</a>. That will set the tone for what is to come alongside some key economic data releases before we get to the holiday period. For today, neither will feature in European trading but we will get some decent releases to at least move things along in the session ahead.</p><p>0700 GMT – Germany October trade balance data0730 GMT – Switzerland November CPI figures0900 GMT – SNB total sight deposits w.e. 1 December0930 GMT – Eurozone December Sentix investor sentiment</p><p>That's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.</p>

This article was written by Justin Low at www.forexlive.com.