Gold price steadies near $3,350 after a disappointing ADP report reflects weakness in the US labour market. The US Senate narrowly passes President Trump’s tax bill with the July 4 deadline in sight. XAU/USD threatens the 20-day SMA near $3,350 with bulls eager to retest $3,400. Gold (XAU/USD) price is attempting to extend its recovery
In today’s report we are to have a look at the upcoming US Employment data, Trump’s Big Beautiful bill, and the US tariff deadlines . For a rounder view we intend to conclude the report with a technical analysis of gold’s daily chart. US employment data due out Thursday The US Employment data for June
XAU/USD Current price: $3,372.92 Dismal US data and trade tensions weighed on the US Dollar. ECB monetary policy decision and US NFP report coming up next. XAU/USD keeps pressuring weekly highs, break beyond $3,400 at sight. Spot Gold resumed its advance on Wednesday, although XAU/USD trades below the weekly high set at $3,392.22. The bright
Gold price bounces back toward $3,400 early Wednesday, awaits US jobs data. The US Dollar loses JOLTS survey-led traction as trade jitters remain a drag. Gold price retests key resistance zone near $3,377 on the daily chart amid bullish RSI. Gold price is staging a tepid turnaround above $3,350 in Asian trading on Wednesday.
XAU/USD Current price: $3,324.03 The US Dollar fell in the American session following dismal US data. The US will release the preliminary estimate of Q1 GDP on Wednesday. XAU/USD is technically neutral in the near term, although odds favor the upside. Spot Gold trades uneventfully within familiar levels on Wednesday, currently hovering around the $3,325
XAU/USD Current price: $3,107.41 US President Donald Trump will announce reciprocal tariffs on Wednesday. Financial markets remain cautious but fears receded, and Wall Street advances. XAU/USD corrective decline set to continue below $3,100 in the near term. The pair posted yet another record high, hitting $3,149.04 on Tuesday. The risk-averse environment backed the bright metal
XAU/USD Current price: $2,916.91 The United States’ back and froth on tariffs keeps investors on their toes. The US will release the February Nonfarm Payrolls report on Friday. XAU/USD losing bullish strength, yet sellers remain side-lined. Spot Gold consolidated in the $2,910 region for most of this Thursday, attracting buyers on an intraday dip to
Gold price sits at highest level on record above $2,850 early Wednesday. Uncertainty over US President Trump’s tariffs, impending US-Sino trade war underpin Gold price. Deteriorating risk sentiment on China return could revive the haven demand for the US Dollar. Overbought conditions on the daily chart continue to caution Gold buyers ahead of