Gold vs Bitcoin Price Prediction: Recovery gains traction after unexpected decline in NFP
Gold: Discretionary demand keeps bulls in control - TD Securities
Last week, gold posted a modest July gain, which has already given buyers a significant boost this week. With prices up 6.5% since the start of the week, gold has confirmed a major technical breakout, bringing to an end the downtrend that began in February.
Gold Weekly Forecast: Bullish pressure builds on easing Fed rate hike bets
Gold goes racing higher after the jobs report in the US was weaker than anticipated. However, the move has been in play for a few days.
The US jobs report finally gave markets the catalyst they had been waiting for, sending the Dollar sharply lower and precious metals surging as traders scaled back expectations for another Fed rate hike. Nonfarm payrolls unexpectedly fell -23K in July, compared with expectations for an 85K increase, but the headline shock was only part of the story.
August 2026 could ultimately be remembered not as the month traders should have been watching Gold, but as the moment they should have been buying it.
Is Gold about to enter its biggest bull run since 2020? [Video]
Gold price rallies after lower oil cut September hike odds, while payrolls decides whether XAUUSD targets the 200-day MA.
Gold rises above $4,300 as traders brace for US Nonfarm Payrolls
Gold prices continue to run up though, jumping above $4,300 in keeping with the technical breakout from Wednesday. The 100-day moving average at $4,390 will be a key focus point next.
Gold Price Forecast: XAU/USD rallies further with bulls eyeing $4,380 area