[ad_1] Recommended by Daniel Dubrovsky How to Trade Gold The US Dollar broadly underperformed against its major counterparts this past week, with gold prices seeing a strong rally. A root cause of this was somewhat disappointing economic data from the world’s largest economy. That contributed to financial markets increasingly pricing in a less dovish Federal
[ad_1] Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making
[ad_1] Share: XAU/USD rose to a daily high of $1,952 and then got rejected by 100-day SMA, retreating to $1,940. US yields initially dropped after mixed US NPFs but recovered after strong US ISMs from August. At the end of the week, the Gold spot price XAU/USD erased daily gains, retreating towards the
[ad_1] AUGUST LABOR MARKET REPORT August U.S. nonfarm payrolls increase by 187,000 versus 170,000 expected The unemployment rate rises to 3.8%, as the participation rate ticks up to 62.8% from 62.6% Average hourly earnings rise 0.2 % m-o-m and 4.3% y-o-y, one-tenth of a percent below estimates in both cases Trade Smarter – Sign up
[ad_1] GOLD PRICE (XAU/USD) FORECAST Gold prices stall after encountering trendline resistance near $1,950 ahead of a high-impact event on Friday: the release of the latest U.S. jobs report Total nonfarm payrolls for August are forecast to have risen by 170,000, following July’s 187,000 increase This article looks at XAU/USD’s key technical levels to watch
[ad_1] The strong US data in the past months and the quick rise in Treasury yields and the US Dollar weighed a lot on Gold, which threatened at some point a complete breakdown. Recently, we started to see a turnaround in the data beginning with the miss in the US PMIs last week and the
[ad_1] GOLD OUTLOOK & ANALYSIS Markets expect Fed to cut in May 2024 post-jobs numbers. Core PCE & jobless claims the focal points for today. XAU/USD trades at key area of confluence as bulls eye $1950. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL FORECAST Gold prices remain buoyant after yesterday ADP
[ad_1] US LABOR MARKET REPORT KEY POINTS: The U.S. Bureau of Labor Statistics will release its latest nonfarm payrolls survey on Friday The economy is forecast to have created 170,000 jobs in August With the Fed embracing a data-centric stance, the strength or weakness of the data will help guide the monetary policy outlook, setting
[ad_1] XAU/USD, XAG/USD PRICE FORECAST: MOST READ: Japan Maintain Economic Outlook, USD/JPY Catches its Breath at Weekly High Gold and Silver have enjoyed decent rallies at the back end of last week with Gold in particular continuing to rally yesterday. An improvement in sentiment weighed on the US Dollar helping Gold run toward a key
[ad_1] It has been a poor month for gold but the technical picture shows that it could’ve been a whole lot worse. Gold is now trading back to around $1,923 but was close to around $1,885 at the lows this month – its lowest levels since March. Gold (XAU/USD) daily chart So, what does the
