US Dollar Index extends impressive rally on Thursday. Sour market sentiment helps gold post small gains. Coming up: Weekly jobless claims and durable goods orders data from the U.S. After refreshing its lowest level of the year near $1266 on Tuesday, the XAU/USD pair staged a technical correction on Wednesday and extended its rebound into a second day today. However, with the greenback finding constant demand, the pair is having a difficult time gathering momentum. As of writing, the pair was up a little more than $2 on the day at $1277. The sharp drop witnessed in the 10-year US Treasury bond yield yesterday hinted at a risk-off atmosphere, which allowed the precious metal to grab investors’ attention. Today’s the 10-year yield is virtually unchanged on the day so far while major European equity indexes are suffering moderate losses, suggesting that the market sentiment today is neutral/negative. Meanwhile, the broad-based selling pressure surrounding the major European such as the euro and the British pound ramped up the demand for the dollar as a better alternative and fueled the US Dollar Index’s rally to its best level since May of 2017, capping the pair’s upside for the time being. Later in the day, weekly jobless claims and the durable goods orders from the U.S. will be looked upon for fresh impetus. On Friday, first-quarter GDP data from the U.S., which is expected to tick down to 2.1% on a yearly basis, will be the final catalyst of the week. Technical levels to consider FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next CBRT keeps policy rate (one-week repo auction rate) unchanged at 24% FX Street 4 years US Dollar Index extends impressive rally on Thursday. Sour market sentiment helps gold post small gains. Coming up: Weekly jobless claims and durable goods orders data from the U.S. After refreshing its lowest level of the year near $1266 on Tuesday, the XAU/USD pair staged a technical correction on Wednesday and extended its rebound into a second day today. However, with the greenback finding constant demand, the pair is having a difficult time gathering momentum. As of writing, the pair was up a little more than $2 on the day at $1277. The sharp drop witnessed in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.