Gold (XAU/USD) is trading at $2,632.27, facing bearish pressure after failing to break resistance at $2,662.26. Immediate support lies at $2,612.14, with stronger support at $2,583.80. The 50 EMA at $2,632.77 acts as near-term resistance, while the 200 EMA at $2,641.67 caps broader upside. Bulls need to push above $2,642.17 to regain momentum, while the descending trendline maintains downward pressure.

Sterling Weakens Amid Disappointing UK Data

The British Pound (GBP) faced headwinds on Friday as economic data fell short of expectations. M4 Money Supply stagnated at 0.0% (forecast: 0.1%), while Mortgage Approvals dropped to 66K, missing the 69K forecast. Net Lending to Individuals also declined to £3.4B, below the expected £4.4B.

Looking ahead, the Final Services PMI (forecast: 51.4) on Monday will be closely watched to assess the services sector’s resilience and its impact on Sterling.