Gold Price Forecast: XAU/USD approaches $1,805-07 resistance with eyes on US NFP

From fxstreet.com

Gold price (XAU/USD) grinds higher around $1,795 during Friday’s Asian session, after refreshing the monthly top the previous day. The metal marked the biggest daily gains in five months on Thursday amid a softer US dollar and the rush to risk safety amid recession fears. That said, the US Dollar Index (DXY) reversed from the weekly top to print the biggest daily fall since July 27, pressured around 105.80 at the latest, amid downbeat US Treasury yields. The US Treasury yields continued to portray the risk of recession as the difference between the 10-year and 2-year bond coupons remain the widest since 2000. That ... (full story)