Gold price (XAU/USD) attracts some buyers for the second straight day on Thursday and looks to build on the overnight strong move up to a nearly two-week peak.
Gold price remains supported near a two-week high amid rising Fed rate cut bets. Geopolitics, along with political uncertainty, also lends support to the XAU/USD. A positive risk tone could cap further gains ahead of the US NFP report on Friday. Gold price attracts some buyers for the second straight day on Thursday and looks to build on the overnight strong move up to a nearly two-week peak.
Investors now look forward to the release of the US Nonfarm Payrolls report on Friday for cues about the Fed's future policy decision, which will determine the near-term trajectory for the XAU/USD.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/CHF Levels to WatchUS dollar setups come into focus as data weakens. EUR/USD awaits ECB cut, AUD/USD eyes lower levels on waning risk appetite, and USD/CHF flashes overheating signals after a sharp drop
Read more »
Gold Price Forecast: XAU/USD extends slide below $2,320 as USD demand persistsGold traded lifeless throughout the first half of Tuesday, confined to a tight range just below the $2,330 mark, further sliding after Wall Street’s opening.
Read more »
Gold Price Forecast: XAU/USD hovers around $2,330 as demand for the USD recedesSpot Gold trades near $2,330 a troy ounce, with XAU/USD trimming early early losses.
Read more »
Gold Price Forecast: XAU/USD reaches $2,360 on broad USD weaknessA sharp US Dollar decline pushed XAU/USD above the $2,360 mark for the first time in over two weeks.
Read more »
Gold Price Forecast: XAU/USD comfortable above $2,330 as Fed loomsSpot Gold peaked at $2,341.51 on Wednesday, as the US Dollar fell following the release of the United States (US) Consumer Price Index (CPI).
Read more »
Gold price jumps to two-week high amid firming Fed rate cut bets, weaker USDGold price (XAU/USD) attracts some follow-through buying for the second straight day and climbs to a two-week top, around the $2,373 area during the Asian session on Thursday.
Read more »