Gold (XAU/USD) drops to a multi-day low during the first half of the European session, though it lacks follow-through selling and, so far, has managed to hold above the $4,000 psychological mark amid mixed cues.
Gold price (XAU/USD) holds steady near $4,080 during the early Asian session on Friday. The upside for the precious metal might be limited as strong US jobs data dims Federal Reserve (Fed) rate cut expectations.
Gold (XAU/USD) retreats on Thursday during the North American session following the release of the September US jobs report, which fared better than expected, crushing forecasts. At the time of writing, XAU/USD trades at $4,061, down 0.38%.
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Gold (XAU/USD) trades a little changed on Thursday, moving in a tight range as traders digest the mixed set of delayed September US jobs data. At the time of writing, XAU/USD is trading around $4,080, easing after briefly climbing above the $4,100 psychological mark.
Gold price (XAU/USD) trades 0.5% lower to near $4,052.00 during the European trading session on Thursday. The yellow metal faces selling pressure as traders have trimmed bets supporting an interest rate cut by the Federal Reserve (Fed) in the December policy meeting.
Gold (XAU/USD) sticks to modest intraday losses through the first half of the European session on Thursday, though it lacks follow-through selling as traders keenly await the delayed release of the US Nonfarm Payrolls (NFP) report.
Gold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday.
Gold (XAU/USD) remains firm during the North American session on Wednesday, but trims earlier gains of over 1% as the US Dollar (USD) rallies sharply as traders wait for a key US job report due on Thursday and assess the developments on the Russia-Ukraine war.
Gold (XAU/USD) trims earlier gains on Wednesday as a stronger US Dollar (USD) limits the metal’s upside. At the time of writing, XAU/USD is trading around $4,090, easing from an intraday high near $4,132.
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, reaching intra-week highs, right above $4,100, favoured by the risk-averse markets and heightened hopes that the US Federal Reserve might ease monetary policy at its December meeting.US employment data disappointed on Tues
Gold (XAU/USD) sticks to modest intraday gains through the first half of the European session, though it lacks strong follow-through buying and remains below the $4,100 mark.
Gold price XAU/USD attracts some buyers to around $4,070, snapping the three-day losing streak during the early Asian session on Wednesday. The precious metal rises amid the risk-off sentiment as traders brace for the long-awaited return of US economic data.
Gold (XAU/USD) advances modestly during Tuesday’s North American session as the Greenback also remains bid and risk appetite deteriorates amid fears of an economic slowdown. At the time of writing, XAU/USD trades at $4,058, up 0.36%.
Gold (XAU/USD) steadies on Tuesday as risk-off sentiment across global markets prompts a mild pickup in safe-haven demand. At the time of writing, XAU/USD is trading around $4,060, bouncing back after slipping to $3,998 earlier in the Asian session.
Gold remains relevant as a portfolio diversifier even though positive correlations with risk have become more frequent in recent years, Deutsche Bank's Research Analyst Michael Hsueh reports.
Gold (XAU/USD) shows some resilience below the $4,000 psychological mark and stages a modest recovery from a one-and-a-half-week low, touched during the early European session on Tuesday.
Gold price (XAU/USD) extends the decline to around $4,030 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back expectations of a US interest rate cut next month.
Gold (XAU/USD) trades choppy during Monday’s session as market participants now expect the Federal Reserve (Fed) will keep rates unchanged at the December meeting, while they also wait for the release of the first tranche of US economic data this week.
Gold (XAU/USD) kicks off the week on a subdued note, consolidating losses after a two-day slide that followed last week’s push to over a three-week high.
Gold’s (XAU/USD) reversal from monthly highs near $4,250 hit last week has been contained above $4,040, but the precious metal is trading sideways on Monday with upside attempts capped below the $4,100 so far.
Gold (XAU/USD) lacks a firm intraday directional bias and seesaws between tepid gains/minor losses, below the $4,100 mark through the first half of the European session on Monday.
Singapore’s October NODX jumped 22.2% y/y, beating expectations as non-monetary gold and electronics boosted shipments. Exports to Taiwan, Thailand and Hong Kong rose sharply, while flows to the U.S. declined.
Gold price (XAU/USD) recovers some lost ground to near $4,105, snapping the two-day losing streak during the early European session on Friday. The precious metal edges higher on the softer US Dollar (USD). Traders will take more cues from the Fedspeak later on Monday.
Gold (XAU/USD) tumbles nearly 2% on Friday, yet it has recovered after reaching a daily low of $4,032 on growing speculation that the Federal Reserve (Fed) might pause its easing cycle as most officials struck a hawkish message.
Gold (XAUUSD) trades on the back foot on Friday as bulls struggle to hold early gains amid mixed market sentiment. At the time of writing, XAU/USD is trading around $4,100, down nearly 1.5%, after sliding to $4,032 earlier in the day
The Gold price fell slightly again yesterday, as it remained unclear when the US data releases that were missed due to the US government shutdown would be made up for, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold futures at 4187 at the time of this analysis. Bearish below 4194 as long as price stays capped under that zone. Bulls only gain control above 4207.7. Traders can watch retracements into 4188 to 4194 for potential shorts.
Gold (XAU/USD) rebounds slightly from the daily low and trades with a mild positive bias during the first half of the European session on Friday, though it remains below the $4,200 mark.
Gold price (XAU/USD) trades in positive territory near $4,185 during the early Asian session on Friday. The precious metal drifts higher as traders anticipate that the reopening of the US government will restore the flow of economic data and reinforce bets of further US interest rate cuts.
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