Gold trims gains as the Dollar picks up ahead of the US NFP reading. US economy is expected to have created 130,000 jobs in May. XAU/USD shows a bearish divergence, which points to a weaker bullish momentum. Gold (XAU/USD) is practically flat on Friday, trapped within the last few days’ trading range. The broader trend
· Gold price bounces but remains in a familiar range on NFP Friday. · The US Dollar finds demand amid US-China optimism, Trump-Musk feud. · Gold price needs to scale key daily resistance at $3,377 to resume the uptrend. · A weak May US jobs report could revive the Gold price record rally.
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 gains positive traction and moves away from a two-week low set on Thursday. Subdued USD price action lends support to the XAU/USD pair ahead of the US NFP report. The optimism over possible US-China trade negotiations might cap the precious metal. Gold price (XAU/USD) struggles to capitalize on modest intraday gains on Friday
Gold price treads water above $3,100 on NFP day after Trump’s tariffs-led volatile Thursday. US Dollar and US Treasury bond yields lick wounds amid recession fears and dovish Fed bets. Gold buyers could jump back as the daily RSI again prods the bullish zone. US Nonfarm Payrolls and Powell’s speech will be closely eyed for
Against a backdrop of falling interest rates[1], new banking loans (excluding renegotiations) to households[2] and to non-financial corporations (NFCs) in the Eurozone continued to accelerate in January 2025. Cumulated over one year, new loans[3] to the non-financial private sector (NFPS) increased by 8.6% year-on-year, after 7.4% in December 2024, to EUR 3,437 bn. Eurozone: New
Gold price edges lower on Friday amid some repositioning ahead of the crucial US NFP release. Rising trade tensions, the risk-off mood, and a weaker USD lend support to the precious metal. Bets for more interest rate cuts by the Fed contribute to limiting losses for the XAU/USD pair. Gold price trades with a mild
Nonfarm Payrolls in the US are forecast to increase by 160,000 in February. Gold is likely to react stronger to a disappointing jobs report than an upbeat one. Previous data analysis shows that gold’s price inverse-correlation with NFP surprise weakens slightly by the fourth hour after the release. Historically, how impactful has the US jobs