Silver (XAG/USD) corrects lower for a third day on Friday, easing to around $38.84 after hitting a fresh 14-year high of $39.53 earlier in the week.

Durable Goods Orders in the United States (US) declined by 9.3%, or $32.1 billion, in June to $311.8 billion, the US Census Bureau reported on Friday. This reading followed the 16.5% increase (revised from 16.4%) reported in May and came in better than the market expectation for a decrease of 10.8%.

Gold is trading lower on Friday as risk appetite improves, trade tensions ease, and the US Dollar firms.At the time of writing, XAU/USD is hovering near $3,340, weighed down by rising US Treasury yields and fading demand for safe-haven assets.

United States Durable Goods Orders came in at -9.3%, above expectations (-10.8%) in June

United States Durable Goods Orders ex Transportation above forecasts (0.1%) in June: Actual (0.2%)

United States Durable Goods Orders ex Defense down to -9.4% in June from previous 15.5%

The US Dollar (USD) trades with a positive tone for the second straight day on Friday, drawing strength from upbeat US economic data and fresh optimism on trade.

While we have left our Gold price forecast unchanged, we are revising our forecasts for Silver, Platinum, and Palladium upward, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold demand in China fell by 3.5% year-on-year in the first half of the year, according to the China Gold Association, Commerzbank's commodity analyst Carsten Fritsch notes.

Brazil Mid-month Inflation above forecasts (0.3%) in July: Actual (0.33%)

The price of Gold fell significantly during the last two days, reversing the gains made in the first half of the week, Commerzbank's commodity analyst Carsten Fritsch notes.

The Euro (EUR) is soft, down a modest 0.2% against the US Dollar (USD) and fading a slight portion of this week’s gains.

US Dollar (USD) is likely to trade in a range between 7.1440 and 7.1630 against Chinese Yuan (CNH). In the longer run, USD view is negative; it could drop to 7.1295, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The EUR/USD pair is extending losses on Friday with the US Dollar is a tad firmer, supported by positive US macroeconomic data which provide further reasons for the Federal Reserve (Fed) to keep rates ar high levels for a longer time after next week's meeting, while a poor Business Climate survey fr

The Canadian Dollar (CAD) is weak, down 0.3% against the US Dollar (USD) and extending Thursday’s losses as it gives up the bulk of this week’s early gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

New Zealand Dollar (NZD) has likely moved into a 0.6015/0.6055 consolidation phase. In the longer run, NZD could continue to rise; the next level to watch is 0.6080, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar (USD) is showing broad strength against nearly all of the G10 currencies as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Pound Sterling (GBP) weakens against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) has reported that Retail Sales grew at a slower-than-projected pace in June.

India Bank Loan Growth up to 9.8% in July 7 from previous 9.5%

The US Dollar is rallying for the second day in a row against a weaker Canadian Dollar.

India FX Reserves, USD: $695.49B (July 14) vs previous $696.67B

Gold price (XAU/USD) extends its losing streak for the third trading day on Friday.

European Gas prices have fallen significantly following the de-escalation of the situation in the Middle East: at just over EUR 32 per MWh, the TTF reference price is now only slightly above this year's low at the end of April, Commerzbank's commodity analyst Barbara Lambrecht notes.

The current price movements are likely part of a 0.6570/0.6615 consolidation phase. In the longer run, short-term momentum has eased slightly; AUD may still move to 0.6645, but the odds are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

There was uncertainty once again this week about Oil supplies from Kazakhstan. This time, however, it was not about production levels, which are significantly higher than those agreed under the OPEC+ agreement, but about Oil exports.

Pullback in Pound Sterling (GBP) could extend but is unlikely to threaten 1.3450 (there is another support level at 1.3490). In the longer run, upward momentum has largely faded; GBP is expected to trade in a range of 1.3450/1.3590, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/CHF is stabilizing after defending key support levels, with recent price action suggesting a potential base formation. A hold above 0.9290 could open the door to further gains, Société Générale's FX analysts note.

The Euro extends its gains for the second consecutive day against the Pound Sterling, reaching fresh three-week highs above 0.8700, with bulls targeting the year-to-date high of 0.8740.UK data released earlier on Friday revealed that Retail Sales increased by a softer-than-expected 0.9% rate in June

Euro (EUR) could pull back further against US Dollar (USD), but any decline is likely part of a lower range of 1.1715/1.1775. In the longer run, price action indicates further EUR strength, likely toward 1.1795, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

There are still three weeks to go until the next central bank meeting in Australia, but the market is already relatively certain.