London Edition: Gold set for steep weekly loss

Welcome to Venor News, London Edition. I'm Gracy Skai.

Gold is heading for a steep weekly loss.

Bloomberg reports Asian stocks sliding on a tech rout.

The Wall Street Journal reports oil rising as Middle East tensions mount.

Bitcoin edges higher while smaller coins like XRP lead the gains.

First, currencies. The dollar is firm. Euro-dollar is down 0.12 percent, and the pound has slipped 0.14 percent. Dollar-yen is up 0.13 percent. The Swiss franc is the weakest major, with dollar-Swiss up 0.32 percent.

Our number of the day: 6.1 percent. That's how far XRP has risen this week.

Gold is the big story. It is down 0.33 percent today, near 4,011 dollars, and 3.66 percent lower this week. The daily picture is mixed, with a trend forming and sellers slightly ahead. The four-hour trend points down. Gold closed below its previous swing low today, a bearish signal. Reuters reports gold is set for a steep weekly loss, with oil prices fuelling Fed rate concerns. Separately, US crude oil is up 1.49 percent. Traders will watch today's US growth surveys for the next signal.

Crypto now. Bitcoin is up 0.53 percent today, near 81,636 dollars, and 0.91 percent higher over the week. Its four-hour picture shows no clear trend. Bitcoin closed above its previous swing high yesterday, a bullish signal. XRP is the standout, up more than 3 percent. In news, Yahoo Finance reports JPMorgan has deployed its JPM Coin on the Ethereum mainnet, moving institutional stablecoin payments onto a public chain.

The key numbers today are the US flash PMI surveys at 9:45 New York time, and the revised consumer sentiment survey at 10:00.

Finally, at the time of this recording, our live barometer showed: euro-dollar leans bearish, pound-dollar leans bearish, and US crude oil leans bullish. For short-term sentiment, watch Market Pulse on our website. And our Session's Briefing goes out before every session on our Telegram channel, Venor Analysis. Scan the code on your screen to join.

That's all from Venor News. Goodbye, and happy trading.