Xauusd Making Space In Sell
Gold futures rise as the U.S. dollar slipped and the market assesses potential U.S. tariff plans. Futures are up 0.6% at $2,662.50 a troy ounce. The precious metal has gained from a softer dollar on week, after U.S. President-elect Donald Trump rejected reports of a more moderate trade policy approach, says FlowCommunity's Tito Iakopa. Gold prices broadly shrugged off stronger-than-expected U.S. labor-market data published on Tuesday. That said, investor focus is also likely to be captured by other upcoming economic indicators, particularly Federal Reserve meeting minutes on Wednesday and Friday's jobs report. The precious metal is still well-supported by various factors outside U.S.
Trade active
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.
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.