![XAUUSD: Nearing Yearly Lows Ahead of US Labour Data XAUUSD: Nearing Yearly Lows Ahead of US Labour Data](https://shmi.ir/wp-content/uploads/2023/10/XAUUSD-Nearing-Yearly-Lows-Ahead-of-US-Labour-Data-150x203.png)
[ad_1] Last week’s decline in gold prices accelerated after the break of the current downtrend channel support. The last time Gold traded at such a low was six months ago, when the US regional banking crisis triggered an influx of buyers, pushing prices away from support around $1809. The biggest weekly loss in the last