Gold price draws support from softer risk tone, weaker Dollar ahead of US PMIs data

BY admin admin

Gold price (XAU/USD) posted modest gains on Thursday amid a weaker US Dollar (USD), albeit lacked follow-through buying and remained below the $2,000 psychological mark through the Asian session on Friday.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Markets Look Down As Prospect Of New Decline Scares Investors

<p>American markets closed the trading session on Thursday with a broad decline. Futures on the S&P 500 lost more than 2.5% on Thursday and lost another 0.7% before the European session. Ja

Forex

Bitcoin Tops $38,000 For First Time This Year In Hectic Crypto Week

<p>Bitcoin hit a 2023 high at the end of a week that saw chaos at other cryptocurrencies. The price of Bitcoin briefly went over $38,000 on Friday, the first time it’s done so this year. T

Forex

Australian Dollar, Stocks Brace for Multi-Million US Jobless Claims

The Australian Dollar, stocks, and other growth-geared assets have been buoyed by huge stimulus efforts to offset the coronavirus’ economic hit. Grim US jobless claims data may see those gains wipe

Copyright © 2024 | WordPress Theme: Xews Lite