Spot Gold trades with a soft tone on Thursday, hovering around its daily opening just below the $2,460 mark.
XAU/USD Current price: $2,453.23 The European Central Bank left interest rates unchanged, failed to trigger action. Mixed United States data and an uptick in Treasury yields helped the US Dollar. XAU/USD eases for a second consecutive day, the bearish potential is well limited. The US Dollar found some demand as government bond yields pared losses and posted a modest rebound, while stock markets turned south amid a worsening market mood.
9 after printing at 1.3 in June and beating the expected 2.9. It is worth adding, however, that the US Dollar shows limited strength, suggesting the current advance will remain corrective. XAU/USD short-term technical outlook The XAU/USD pair is under mild selling pressure for a second consecutive day, albeit barely retreating from record highs.
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.
Gold Price Forecast: XAU/USD back to its comfort zone around $2,330Spot Gold rallied on Thursday, returning to its comfort zone at around $2,330, trading just below the level mid-American session.
Read more »
Gold Price Forecast: XAU/USD battles to retain the $2,300 markXAU/USD bearish momentum accelerated on Wednesday, and the bright metal trades at around $2,300.00 a troy ounce mid-American afternoon, with the US Dollar firmer against all major rivals.
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 consolidates around $2,330 in quiet start to the weekSpot Gold trades with a soft tone on Monday, with XAU/USD hovering around $2,330.00.
Read more »
Gold Price Forecast: XAU/USD sellers eye $2,300 yet again as new week kicks inGold price is nursing losses early Monday, having witnessed a more than 1% sell-off on Friday.
Read more »
Gold Price Forecast: XAU/USD holds below $2,350 on stronger US PMI dataGold price (XAU/USD) edges lower to $2,320 after retreating from two-week highs around $2,368 during the early Asian session on Monday.
Read more »