Gold Prices Gains as Weak US Data Fuels Fed Rate Cut Expectations

Gold Prices Gains as Weak US Data Fuels Fed Rate Cut Expectations

Market Analysis by covering: Euro US Dollar, US Dollar Japanese Yen, Gold Spot US Dollar, US Dollar Index Futures. Read 's Market Analysis on Investing.com

Gold price today: Why is gold falling for the third straight day despite weak US data and Fed rate cut hopes?

Gold price today dropped for the third day straight, slipping to a two-week low near $3,232 as hopes for a US-China trade deal boosted market confidence. Despite weak US economic data and signs the Fed may cut rates soon, gold struggled to attract buyers. A stronger US Dollar and President Trumps trade optimism pushed investors away from the safe-haven metal. With key data like Nonfarm Payrolls and ISM PMI around the corner, traders are closely …

Gold price fades on upbeat US jobs report

The decline follows new US data that showed a largely stable labour market for the month of May.

Gold prices fall as the USD extends gains post NFP

US NFP labor report eases expectations of a Fed rate cut, pushing XAU/USD prices lower. USD receives a boost from easing US-China tensions and better-than-expected US employment data on Friday, capping Gold gains. Gold prices threaten channel support with psychological resistance at $3,350. Gold prices are extending losses against the US Dollar (USD) on Friday, falling below prior psychological support, now resistance, at $3,350, after the US No…

Gold prices struggle to hold gains after upbeat NFPs

Gold (XAU/USD) has fallen back into a narrow range of consolidation on Friday, trading around $3,360 after the US Nonfarm Payrolls (NFP) report showed a resilient labour market.