💰 $XAUUSD treads water around $1,920 💵 $USD finds support from firmer US Treasury bond yields and a cautious risk tone 🔍 The daily technical setup suggests a limited upside for Gold price ahead of US jobs data Full forecast ⏩ Forex Commodities
US Dollar finds support from firmer US Treasury bond yields and a cautious risk tone. Gold price is trading around a flatline near $1,920 early Tuesday, having enjoyed good two-way price action on Monday before ending the day almost unchanged. Thin trading conditions are likely to extend during the day, as the US markets are closed in observance of Independence Day.
Looking ahead, Gold price is likely to maintain its range trade above $1,900, although remains at risk of wild swings due to holiday-thinned market conditions. All eyes now remain on Wednesday’s Minutes of theJune meetings for clarity on the Fed’s rate hike path. The US labor market data will be also eagerly anticipated, with the ADP Employment Change and JOLTS job opening due this Thursday ahead of Friday’s all-important Nonfarm Payrolls release.
has been traversing within a falling wedge after topping out at record highs of $2080 in early April. On the downside, immediate support awaits at the $1,900 threshold, below which the three-month low of $1,893 will be retested. The next target on Gold sellers’ radars is seen at the descending trendline at $1,890.Information on these pages contains forward-looking statements that involve risks and uncertainties.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Gold Price Forecast: XAU/USD looks south toward $1,890 ahead of US ISM Manufacturing PMI💰 $XAUUSD is starting a new week on the wrong foot this Monday 💵 A renewed upswing in the $USD alongside the US Treasury bond yields amid a mixed market mood is weighing on the Gold price Full forecast ⏩ Forex Commodities
Consulte Mais informação »
Gold Price Forecast: XAU/USD corrects to near $1,910 as US Manufacturing PMI comes into spotlightGold price (XAU/USD) has reported a corrective move to near $1,910.00 in the London session. The precious metal is under pressure as consistent reiter
Consulte Mais informação »
XAU/USD Price Forecast: Quiet Start for Gold, Manufacturing PMI in FocusGold prices trade slightly lower this morning as markets keenly await key US economic data throughout the week.
Consulte Mais informação »
Gold Price Forecast: XAU/USD loses momentum despite easing US Dollar demandSpot Gold recovered further on Monday after falling last week to $1,892.95 a troy ounce, its lowest since mid-March. The US Dollar found near-term de
Consulte Mais informação »
U.S., Chinese economies test high oil price forecastMomentum in the U.S. and Chinese economies will determine if calls for higher prices in...
Consulte Mais informação »
Tim Draper Adjusts Timeframe for His $250K Bitcoin Price Forecast – Markets and Prices Bitcoin NewsVenture capitalist TimDraper is still optimistic that bitcoin will reach $250K but noted that it may take 'a little longer.' $BTC crypto cryptocurrency
Consulte Mais informação »