FX-Investing

FX-Investing

Gold prices went up on Monday as the demand for the US dollar declined gradually in a risk-friendly atmosphere. XAU/USD reached a high of $1,930.70 per troy ounce but has now settled at $1,924 as initial optimism faded during the day. The stock market rebounded following weekend news that indicated economic troubles in Asia were diminishing. On one hand, China...

FX-Investing

Last week, gold fell more than 1% due to the lack of economic data and market-stimulating events. The latest weekly gold survey by Kitco News shows that the precious metal market has lost optimism as less than half of retail investors expect gold prices to rise this week, while many market analysts are returning to a downward trend. The most important economic...

FX-Investing

Daily Digest Market Movers: Gold price looks set for a further breakdown as US labor market data turns out more resilient than expected. ADP reported on Wednesday that the US domestic labor market added an estimated 324K positions in July. The economic data outperformed expectations of 189K but remained lower than employment additions in June of 497K. Nela...

FX-Investing

Gold price (XAU/USD) looks supported above the immediate support of $1,930.00, but the downside seems favored as the United States labor market data arrives more resilient than expectations. Stellar additions to private payrolls in July indicate that the Nonfarm Payrolls (NFP) report should outperform consensus on Friday. Additionally, Federal Reserve (Fed)...