Gold price (XAU/USD) trades around $1,985 on Monday, retreating from Friday’s highs at over $2,000, as US long-term bond yields rebound.
Gold price pares some gains as US long-term bond yields rebound. The precious metal fails to hold gains inspired by soft US Nonfarm Payrolls data. Investors anticipate the Fed is done hiking interest rates. The yellow metal is paring back some of the gains registeredon Friday after the release of the US employment report for October, which showed softer growth in both jobs and wages. .
8 against expectations of 53.0 and the 53.6 reading from September. Contrary to the downbeat Services PMI, New Orders for the service industry rose significantly to 55.5 against 51.8 in September. Meanwhile, investors seek fresh developments on the Israel-Palestine war for further action in the non-yielding safe-haven asset. Israeli Prime Minister Benjamin Netanyahu rejected ceasefire calls when met with US Secretary of State Antony Blinken on Friday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetiteGold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak.
Leer más »
Gold Price Forecast: XAU/USD needs to defend $1,977 support for a fresh upswingGold price is consolidating last Friday’s uptick below $2,000 at the start of the week on Monday, as the United States Dollar (USD) and US Treasury bond yields are trying hard to find their feet amid a risk-friendly market environment.
Leer más »
Gold prices dip as risk appetite ramps up on Fed pause betsGold prices dip as risk appetite ramps up on Fed pause bets
Leer más »
Jennifer Lopez Exposed Her Gold Underwear Beneath Her Sheer Gold Gucci GownJennifer Lopez attended the 2023 LACMA Art + Film Gala in a see-through gold gown with a thigh-high slit.
Leer más »
Gold price reverses softer US jobs data-inspired gains amid reviving US Dollar demandGold price (XAU/USD) kicks off the new week on a weaker note and extends Friday's retracement slide from levels above the $2,000 psychological mark touched in reaction to softer jobs data from the United States (US).
Leer más »