Hi trader, Maria would like to share Maria's opinion: XAU/USD
The price of gold (XAU/USD) experienced a significant reversal during the day on Friday and surged by more than 1.3% from the $1,810 range. This was the lowest level since March 8, which was reached after the release of the United States (US) monthly jobs data. The US Nonfarm Payrolls (NFP) report confirmed market expectations for at least one additional interest rate hike by the Federal Reserve (Fed) in 2023, which had a negative impact on the value of the precious metal.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.