NFP Data to Shape Gold, US Dollar, and S&P 500’s Outlook

[ad_1] JULY NONFARM PAYROLLS REPORT The U.S. Bureau of Labor Statistics will release the July employment survey on Friday The U.S. economy is expected to have added 200,000 jobs last month, following a gain of 209,000 jobs in June. The strength of the report relative to market expectations will determine the outlook for gold and

Gold Prices Feel the Squeeze as Yields Rocket Ahead of NFP, Key XAU/USD Levels

[ad_1] GOLD PRICES FORECAST: Gold prices retreat for a second consecutive day amid rising yields after better-than-expected U.S. economic data Traders should focus on the ISM services PMI and the U.S. labor market report in the coming days This article looks at key XAU/USD’s levels to watch this week Trade Smarter – Sign up for

Gold Price Takes a Tumble as US Dollar Gains Post Fitch Downgrade. Lower XAU/USD?

[ad_1] Gold, XAU/USD, US Dollar, DXY Index, Fitch, AA+, Treasury Yields, GVZ – Talking Points The gold price appears directionless despite moves in other markets The Fitch announcement might see pressure on risk assets and haven asset tailwinds If volatility emerges in the gold price, will it help or hinder the precious metal? Recommended by

Most effective Forex Robot for Gold – Trading Systems – 1 August 2023

[ad_1] Forex robots have become an important element of the forex market nowadays. The main aim of a forex trading robot is to remove the psychological element from trading, as often it can prove to be detrimental, especially when traders are still beginners and not so used to making objective and reasonable trading decisions. With

S&P 500 on Edge Before Apple & Amazon, Gold Tanks as Yields Soar ahead of NFP

[ad_1] S&P 500 FORECAST The S&P 500 and Nasdaq 100 slide, but remain near multi-month highs ahead of key earnings and the U.S. jobs report Apple and Amazon will announce quarterly results on Thursday Meanwhile, the U.S. Bureau of Labor Statistics will release the July employment report on Friday Recommended by Diego Colman Get Your

Gold (XAU/USD) and Silver (XAG/USD) Latest Outlooks

[ad_1] Gold Price (XAU/USD), Silver Price (XAG/USD) Analysis, Price, and Chart Gold’s volatility touches a multi-month low. Silver struggling to hold a prior level of resistance turned support. Recommended by Nick Cawley Get Your Free Gold Forecast Financial markets are in the middle of a holiday-thinned trading lull with volume and volatility suffering. Later on

Gold capitalizes on soft consumer expenditure and labor cost growth

[ad_1] Share: Gold price falls back as Greenback swallows steroids amid US economic resilience. US Q2 GDP, demand for Durable Goods in June remained robust due to higher consumer spending. US recession fears fade significantly amid upbeat labor market conditions. Gold price (XAU/USD) recovers downside blip propelled by softer-than-anticipated United States Q2 Employment Cost index

“Soft landing” for US economy would weigh on XAU/USD – Commerzbank

[ad_1] Share: Interest rate expectations are likely to continue driving the Gold price, strategists at Commerzbank report. US economic data should be a key driver of the Gold price The US economy grew by 2.4% on an annualised basis in the second quarter, and thus more sharply than expected. This means there is