EUR/GBP rose to a three-month high of 0.8623 marked on Thursday.

Tentative neutrality might be a reasonable way to describe market status for the moment and not just because it's depending on upcoming CPI or any other particular economic marker.

In this video, Ira Epstein reviews the day's trading in the gold and other relevant metal markets.

The EUR/JPY cross comes under some renewed selling pressure on Thursday and moves away from the weekly peak, around the 161.45 region touched the previous day.

Gold and precious metals have performed well over the last few years. Central bank demand, De-dollarization, and other foreign sources of demand pushed Gold to break out of its 13-year cup and handle pattern.

ChainLink overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III).