India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
Gold struggles to find acceptance above $4,200; eases from two-week high amid USD uptick
Can Fed minutes push gold above its 52-week moving average? See why that could confirm a reversal bottom and extend the latest XAU/USD rally.
Gold regained its 20-day moving average and rising trendline support, signaling early stabilization as traders eye resistance near the 50-day moving average and swing highs.
Gold's comeback trade is no longer a quiet contrarian thesis. It is beginning to explode in full view and the market may still be underestimating how powerful the next move could become.
Recent changes in Fed policy outlook provided strong support to gold markets.
The gold market has been strong on Friday, as we are looking at this through the prism of a holiday session, as we are looking at the liquidity dropping.
Following Thursday's weak US jobs report gold bounced back sharply and it has since extended those gains. While the metal may have started the month and quarter on a positive note, it is worth remembering that it has just endured one of its toughest quarters in years and it was nearly 30% worse off from its January peak.
Gold: Price rebound seen as corrective – Commerzbank
Gold extends gains as weak US NFP data dents Fed rate hike expectations
Gold rose to 4,177 USD per troy ounce on Friday, having gained more than 2% in the previous session. The primary driver of the recovery was US labour market data, which came in weaker than expected, prompting investors to scale back expectations for further Federal Reserve interest rate hikes.