Gold Price Forecast: XAU/USD rebound prods $1,960 support-turned-resistance ahead of US NFP – by anilpanchal7 Gold XAUUSD Fed Inflation NFP
That said, China's State Council Information Office conveyed a surprise press conference by Vice Chairman of the National Development and Reform Commission Li Chunlin and officials from the Ministry of Industry and Information Technology, the Ministry of Commerce and the State Administration for Market Regulation to unveil more measures to boost the consumption per Bloomberg.
Considering China’s status as one of the world’s biggest Gold consumers and the Federal Reserve’s indecision about the future rate hikes, the latest headlines put a floor under the XAU/USD price, at least for the short-term.During the last week, upbeat United States data and the European Central Bank’s dovish hike propelled the US Dollar and weighed on the Gold price, despite Friday’s corrective bounce due to the softer inflation clues from the US.
Amid these plays, Wall Street closed positive and the yields retreated together with the US Dollar. Even so, the US However, the recovery moves also gain support from an impending bull cross on the Moving Average Convergence and Divergence indicator.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
'Gold Brick' Ending Explained: Can the Poor Defeat the Rich?The French film, Gold Brick, explores a revenge heist pitting the working class against rich moguls.
Consulte Mais informação »
Katie Ledecky breaks Michael Phelps' individual world championship gold medal recordKatie Ledecky is now the solo record-holder for most individual gold medals at the world championships.
Consulte Mais informação »
Why substituting cryptocurrency for gold exposure may be a costly mistakeState Street Global Advisors' George Milling-Stanley, whose firm runs the world's largest gold ETF, gives his bull case for the precious metal.
Consulte Mais informação »
Katie Ledecky breaks Michael Phelps' record at Worlds with gold medal in 800-meter freestyleKatie Ledecky took home the gold medal at the World Aquatics Championships on Saturday, breaking a tie with Michael Phelps for the most individual gold medals at the Worlds.
Consulte Mais informação »
Katie Ledecky punctuates Worlds by passing Michael Phelps in gold medalsAnother dominant win in the 800 free by Ledecky Saturday gave her 16 individual gold medals at the World Championships, breaking a tie with Phelps for the most all-time.
Consulte Mais informação »
Why is gold so soft?Gold is the most malleable element, but what's the science behind it?
Consulte Mais informação »