Gold rally stalls below $3500 mark – Société Générale

EUR/USD is holding steady below 1.1700 in the European trading hours on Thursday. The pair pauses its losing streak as the US Dollar consolidates the recent recovery amid a cautious market mood and ahead of the mid-tier US employment data. 

GBP/USD loses ground to trade near 1.3450 in the early European session on Thursday. Markets turn cautious amid simmering geopolitical tensions and ahead of the US labor market data due later in the day. 

Gold recovers slightly from a three-day low touched this Thursday, though sticks to its negative bias for the second straight day through the early European session. The growing acceptance that the US Federal Reserve will cut interest rates two more times this year fails to assist the US Dollar in capitalizing on its weekly gains registered over the past two days.

Pi Network trades above $0.2000 at press time on Thursday, following a nearly 2% decline the previous day. Centralized Exchanges have received 1.90 million PI tokens over the last 24 hours, suggesting risk-off sentiment among holders. The technical outlook for the PI token remains bearish, with a risk of a cross below the 20-day Exponential Moving Average. 

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

Pi Network trades above $0.2000 at press time on Thursday, following a nearly 2% decline the previous day. Centralized Exchanges have received 1.90 million PI tokens over the last 24 hours, suggesting risk-off sentiment among holders.