Friday saw markets waking up to terror attacks in Barcelona which left 14 people dead and around 100 injured.
The world woke up on Friday to the news that a terror attack claimed 14 lives in Barcelona and left around 100 injured.
Gold futures stabilized on Thursday as the US dollar remained subdued after Wednesday's minutes from the FOMC (Federal Open Market Committee) hinted at a delay in any rate hikes in the US.
The latest round of ECB (European Central Bank) minutes out on Thursday revealed some concerns around recent euro strength, sending the single currency to its month-to-date lows versus the US dollar.
Wednesday saw a weaker dollar on the back of the latest release from the FOMC (Federal Open Market Committee), after members dampened any rate hike expectations for this year, as "many" rate-setters see sub 2% inflation persisting longer than expected.
A string of impressive data out on Wednesday helped strengthen sterling's hand against the dollar in the morning, taking the pair higher from 1.2845 to face strong resistance at 1.2900.
With the positive US retail sales report showing volumes up by 0.6% on the month for July, the dollar index has seen its strongest level since the start of the month, up 0.44% on the day.
Tuesday saw the release of UK CPI (Consumer Price Index) data showing inflation was lower-than-expected at 2.6% year on year, missing forecasts of 2.7%. This, along with a stronger US dollar, piled pressure on cable forcing it lower on the day.
Monday saw gold selling off from recent highs as tensions between the US and North Korea seemed to simmer down over the weekend.
Some degree of risk appetite returned to the market on Monday following a weekend of no news is good news after three days of sabre rattling from the US and North Korea.
Friday saw Russian Foreign Minister Sergei Lavrov urge Pyongyang and Washington to sign up to a previously unveiled joint Russian-Chinese plan under which North Korea would freeze missile tests.
Day three of the sabre-rattling between the US and North Korea have again benefited safe haven currencies, although to a lesser degree.
Disappointing economic data releases weighed on both sides of the Atlantic today with a negative goods trade balance for the UK (-0.1% versus expectations of 1.4%), higher unemployment claims from the US (244,000) and also a negative month-on-month PPI figure for the US (-0.1%).
The latest rhetoric from North Korea has been to outline a plan for a launch demonstration, simulating an attack on US Pacific territory Guam.
Gold saw a $10 move higher on Wednesday as tensions mounted between the US and North Korea over comments made by both sides.
Geopolitical tensions mounted on Wednesday after comments from Donald Trump, directed at North Korea, sent shockwaves across global markets.
The USD found some much needed strength on Tuesday with the release of the JOLTS job opening figures which came in above market expectations and showed that 6.16m job openings were created in August.
The recently sluggish USD (US dollar) found some strength today after the Bureau of Labour Statistics reported that job openings for the month of August were up on last month's figure and beat expectations of 5.74m, to print at 6.16m.
Sterling's climb to an 11-month high against the US dollar came to an abrupt halt on Friday with the release of the latest non-farm payroll figure from the US.
Gold was fairly stable on Monday, with the precious metal stagnant, trading within a four dollar range ($1,256/$1,260) throughout much of the overnight and UK trading sessions to end 0.01% lower on the day to $1,258 per ounce.