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Gold Traders Awaiting NFP Volatility
Gold prices remain bereft of momentum this week, with the market continuing to trade a narrow range around the midpoint of November’s action. A pullback in USD highs, but a failure to move meaningfully lower, ahs left gold prices stunted for now with the market awaiting fresh directional cues. Of course, with the ever-important US NFP release due tomorrow, traders shouldn’t have to wait too long to find some fresh volatility in gold prices. Coming ahead of the keenly anticipated December FOMC meeting, tomorrow’s US jobs report will be seen as make or break for a further cut this year. Currently, the market is ... (full story)
