Gold Price Under Pressure as US Dollar Gains Traction on Fed Rate ... - FX Leaders

Gold Price Under Pressure as US Dollar Gains Traction on Fed Rate ...  FX Leaders

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Gold Price Forecast: XAU/USD remains on the defensive below the $1,940 area ahead of US NFP - FXStreet

Gold Price Forecast: XAU/USD remains on the defensive below the $1,940 area ahead of US NFP  FXStreet

source https://news.google.com/rss/articles/CBMihAFodHRwczovL3d3dy5meHN0cmVldC5jb20vbmV3cy9nb2xkLXByaWNlLWZvcmVjYXN0LXhhdS11c2QtcmVtYWlucy1vbi10aGUtZGVmZW5zaXZlLWJlbG93LXRoZS0xLTk0MC1hcmVhLWFoZWFkLW9mLXVzLW5mcC0yMDIzMDgwNDA2MTDSAYgBaHR0cHM6Ly93d3cuZnhzdHJlZXQuY29tL2FtcC9uZXdzL2dvbGQtcHJpY2UtZm9yZWNhc3QteGF1LXVzZC1yZW1haW5zLW9uLXRoZS1kZWZlbnNpdmUtYmVsb3ctdGhlLTEtOTQwLWFyZWEtYWhlYWQtb2YtdXMtbmZwLTIwMjMwODA0MDYxMA?oc=5

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Gold forecast and opportunities

Gold / U.S. Dollar FOREXCOM:XAUUSD

SophieFx11

It’s worth noting that Friday’s downbeat prints of the US Nonfarm Payrolls (NFP) joined the mixed Fed signals to trigger the US Dollar’s retreat from a multi-day high, which in turn allowed the Gold Price to recover from a multi-day-old support line. However, the weekend comments from Fed Governor Michelle Bowman appear hawkish and join the looming geopolitical fears surrounding China to exert downside pressure on the XAU/USD.

Apart from that, the Gold market’s consolidation ahead of festive demand from India, one of the key customers of XAU/USD, also keeps the metal prices down ahead of the key data/events from the US.

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Forex Today: US Dollar regains traction following Friday's pullback - FXStreet

Forex Today: US Dollar regains traction following Friday's pullback  FXStreet

source https://news.google.com/rss/articles/CBMibGh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9uZXdzL2ZvcmV4LXRvZGF5LXVzLWRvbGxhci1yZWdhaW5zLXRyYWN0aW9uLWZvbGxvd2luZy1mcmlkYXlzLXB1bGxiYWNrLTIwMjMwODA3MDY0MtIBcGh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9hbXAvbmV3cy9mb3JleC10b2RheS11cy1kb2xsYXItcmVnYWlucy10cmFjdGlvbi1mb2xsb3dpbmctZnJpZGF5cy1wdWxsYmFjay0yMDIzMDgwNzA2NDI?oc=5