XAUUSD The price of gold (XAU/USD) is experiencing slight selling pressure as the Federal Reserve's preferred measure of inflation remains consistent in July. Previously, the value of gold was trading sideways following a surge caused by weak labor demand due to the worsening economic forecast.
It is anticipated that the precious metal will remain inactive as investors wait for the release of US Nonfarm Payrolls (NFP) data on Friday before making any informed decisions.
Related publications
Disclaimer
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.
Related publications
Disclaimer
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.