Gold Price Forecast: XAU/USD sees a correction amid stiff hurdles around $1,700, US NFP buzz – by Sagar_Dua24 Gold XAUUSD Fed Inflation NFP
s expected to witness a correction as hurdles around $1,700.00 are quite strong and demands aggressive buying interest to get demolished. The yellow metal is likely to correct to near $1,690.00 but that doesn’t warrant a bearish reversal.
The US economy has been maintaining full employment levels, therefore, space for generating more employment is extremely less. Adding to that, the escalating Federal Reserve ’s interest
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD marches towards $1,680 amid lower consensus for US ISM dataGold price (XAU/USD) has given an upside break of the minor consolidation, in early Asia, formed in a $1,660.20-1,663.32. The precious metal is marchi
Read more »
Gold Price Forecast: XAU/USD reverses intraday uptick, flat-lines below $1,665 levelGold gains positive traction on the first day of a new week and hits a fresh daily high, around the $1,670 area during the early European session. The
Read more »
Gold Price Forecast: XAU/USD remains in a strengthening downtrend – TDSGold is defending gains amid a broadly weaker US dollar. However, strategists at TD Securities note that the yellow metal stays immersed in a strong d
Read more »
Gold Price Forecast: XAU/USD bulls coming up for air into critical daily structuresThe gold price exploded in the New York trade around the disappointment in the US data. Gold has travelled between a low of $1,696.26 and $1,697.13 an
Read more »
Gold Price Forecast: XAU/USD struggles to cross $1,700, upside seems favored ahead of US NFPGold price (XAU/USD) is hovering around the psychological resistance of $1,700.00 in the early Asian session. The precious metal displayed a juggernau
Read more »
Gold Price Forecast: XAU/USD sees a correction amid stiff hurdles around $1,700, US NFP buzzGold price (XAU/USD) is displaying signs of exhaustion while attempting to establish above the psychological hurdle of $1,700.00. The precious metal i
Read more »