European Markets Wrap-Up: Gold nudges up to start the week but price holds within technical pennant

Tuesday, 25 Nov, 2025 Forex Major currencies keep little changed ahead of European morning trade The FX market seems like it is slowly winding down towards the Thanksgiving holidays, though month-end might offer something to work with before the week is truly over. But for today, the mood music r News Gold nudges up to start the week but price holds within technical pennant Gold is once again in the spotlight after a solid showing yesterday to kick start the new week. The precious metal moved up by 1.7% to back above $4,100 as risk appetite shows some improvement while t Learn more News investingLive Asia-Pacific FX news wrap: Google vs. Nvidia Russia, China discuss expanding oil exports as U.S. sanctions hit major producers Chinese President Xi says to enhance energy partnership with Russia Heavy oil pipeline for Canada, Alberta to coast of News Russia, China discuss expanding oil exports as U.S. sanctions hit major producers Russia and China are exploring options to expand Russian oil shipments to the Chinese market, Deputy Prime Minister Alexander Novak said at a Sino-Russian business forum in Beijing. China and India ha News Chinese President Xi says to enhance energy partnership with Russia Chinese President Xi says to enhance energy partnership with Russia. Will ensure smooth energy supply chain with Russia. CCTV reporting. No surprises here. Neighbors China and Russia are friends due t News Heavy oil pipeline for Canada, Alberta to coast of BC, looks set for approval Canadian Prime Minister Mark Carney and Alberta Premier Danielle Smith are set to announce a memorandum of understanding on energy on Thursday. Likely related to a heavy oil pipeline running from Albe News Japan PM Takaichi says she spoke with Trump on a call Japan PM Takaichi says she spoke with Trump on a call says it was Trump who proposed the call Trump explained recent US-China relations following his call with Chinese President Xi Had wide-ranging ex Central Banks Goldman Sachs sees gradual CNY appreciation, USD/CNY at 6.85 over 12 months Goldman Sachs has rolled forward its USD/CNY forecasts but kept its underlying view unchanged: the Chinese currency should gradually strengthen over the coming year. The bank now projects USD/CNY at 6 Learn more Central Banks PBOC sets USD/ CNY central rate at 7.0826 (vs. estimate at 7.1056) The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate sy

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