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Gold Price Outlook Mixed After Blowout NFP Report

From dailyfx.com

Gold (XAUUSD) prices surged ahead this week reaching a high of USD1794.23, 6.7% off the yearly lows with a rebound off support. Bullion surged 1.5% on Thursday and is heading for a run of three straight weekly gains after China fired missiles over Taiwan during military drills. Beijing has responded aggressively to US House Speaker Nancy Pelosi’s visit to the island this week, the highest-ranking American politician to go there in 25 years. Gold (XAUUSD) prices surged ahead this week reaching a high of USD1794.23, 6.7% off the yearly lows with a rebound off support. Bullion surged 1.5% on Thursday and is heading for ... (full story)

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  • Category: Fundamental Analysis