Tag: nonfarm payroll jobs
-
Gold Drops to 6-Month Low, to stack bullion or no to stack?
The price of gold has experienced a significant decline of over 10% from its peak in May 2023. This drop raises questions about the prevailing trend and whether it’s an opportune moment to invest in gold. This decline is part of a broader trend in the metals market, where various commodities are facing downward pressure.…
-
XAU/USD reaches its highest level in three days.
XAU/USD continues its recovery above $1,910 after the US Core PCE index. Hawkish Fed rhetoric may weigh on gold prices this week; a rebound is likely in the second half. Gold prices are having their best day in weeks this Friday, boosted by a decline in the US dollar across the board. XAU/USD jumped from…