Gold has returned to a weaker stance, trading around $3,309 during the U.S. session. The U.S. dollar gained some positive momentum as markets leaned toward the possibility that the Federal Reserve will keep its policy unchanged in July following the May report, causing XAU/USD to drop lower into the weekend.
Additionally, U.S. economic data released on the same...
Hello traders! What’s your take on EURUSD?
EURUSD is currently trading just below a key resistance zone, signaling a potential pullback. A double top pattern may be forming, suggesting the pair could correct before regaining bullish momentum.
We expect a short-term retracement toward the identified support levels before any continuation of the broader...
Hey traders! Let’s take a quick look at what’s happening with gold as the week wraps up.
Yesterday, OANDA:XAUUSD saw a sharp drop during the U.S. session, sliding more than 600 pips. But by this morning, the metal bounced back with a short-term recovery, finding strong support around the $3,342 level.
The move came after U.S. jobless claims data came in...
Gold surged to around $3,373/oz today, rising over $22 compared to the same time yesterday, after weaker-than-expected U.S. jobs data sparked fresh demand for safe-haven assets.
According to ADP, the U.S. private sector added just 37,000 jobs in May—far below the 115,000 forecast and April’s 60,000. The sharp slowdown in hiring suggests growing cracks in the U.S....
