• May 9, 2023
  • Market News
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Gold Fends Off Attack on $2000, USD/CAD Sinks, GBP/USD on Cusp of Epic Breakout

Gold prices resume advance after Friday’s selloff. Elsewhere, USD/CAD extends drop and challenge its 2023 lows, while GBP/USD makes a move on a major trendline resistance.

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NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Mar 17, 2023 when NZD/USD traded near 0.63.

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