Gold price slides late on Friday, poised to end the week positively, accumulating eight straight weeks of gains that pushed the yellow metal to all-time highs of $2,954.

The Mexican Peso (MXN) lost some ground against the US Dollar (USD) on Friday as the Mexican economy decelerated in the last quarter of 2024.

Silver's price retreats on Friday and fails to capitalize on falling US yields.

The AUD/JPY cross continued its downward trajectory on Friday to around 94.80, posting sharp losses and breaking through key technical support levels.

The AUD/USD pair faces offers pressure near 0.6400 after the release of the United States (US) S&P Global PMI data for February.

United States CFTC Oil NC Net Positions down to 197.6K from previous 220K

United States CFTC Gold NC Net Positions dipped from previous $284.5K to $268.7K

United States CFTC S&P 500 NC Net Positions: $-40K vs previous $-17.1K

Eurozone CFTC EUR NC Net Positions climbed from previous €-64.4K to €-51.4K

Australia CFTC AUD NC Net Positions rose from previous $-65.6K to $-56.7K

Japan CFTC JPY NC Net Positions increased to ¥60.6K from previous ¥54.6K

United Kingdom CFTC GBP NC Net Positions rose from previous £-3.2K to £-0.6K

The US Dollar Index (DXY), which tracks the US Dollar’s performance against six major currencies, is holding on to minor gains on Friday, trading around 106.50.

The Dow Jones Industrial Average (DJIA) backslid over 700 points on Friday, knocking lower around one and a half percent and touching the 43,500 level for the first time in over a month.

United States Baker Hughes US Oil Rig Count increased to 487 from previous 481

The EUR/USD pair faced a setback on Friday, declining by 0.44% to settle near 1.0450 after encountering firm resistance at the 100-day Simple Moving Average (SMA) around 1.0540.

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading around 106.60 at the time of writing after a rather disappointing United States (US) preliminary Purchase Manager's Index (PMI)

The GBP/USD registers losses during the North American session after testing the 100-day Simple Moving Average (SMA) at 1.2658.

United States UoM 5-year Consumer Inflation Expectation came in at 3.5%, above expectations (3.3%) in January

United States Existing Home Sales (MoM) registered at 4.08M, below expectations (4.12M) in January

United States Michigan Consumer Sentiment Index below forecasts (67.8) in January: Actual (64.7)

United States Existing Home Sales Change (MoM) down to -4.9% in January from previous 2.2%

The S&P Global preliminary PMIs for February are likely to show little variation from the January final readings.

United States S&P Global Composite PMI dipped from previous 52.7 to 50.4 in February

United States S&P Global Manufacturing PMI above expectations (51.5) in February: Actual (51.6)

United States S&P Global Services PMI registered at 49.7, below expectations (53) in February

EUR/USD slides to near 1.0460 in Friday’s North American session.

The AUD/USD pair faces selling pressure around 0.6400 in North American trading hours on Friday.

The Pound Sterling (GBP) falls back after posting a fresh two-month high near 1.2680 against the US Dollar in North American trading hours on Friday.

Silver price (XAG/USD) faces selling pressure above the key level of $33.00 in North American trading hours on Friday.