-
XAU/USD loses ground to near $3,350, weaker US jobs data might cap downside
The Gold price (XAU/USD) edges lower to around $3,360, snapping the two-day winning streak during the early Asian session on Monday. Nonetheless, weak US job data and tariff fears might weigh on the US Dollar (USD) and help limit the USD-denominated commodity’s losses. The yellow metal loses traction due to the rebound in the Greenback. The potential upside for Gold might be limited as an underwhelming US Nonfarm Payrolls (NFP) data boosted expectations of a Federal Reserve (Fed) rate cut. The US NFP rose by 73,000 in July, versus a 14,000 increase (revised from 147,000) prior, the US Bureau of Labor Statistics ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From northernminer.com|Aug 3, 2025Codelco says four of the five workers trapped at one of the world’s largest underground copper mines have been pronounced dead plus another who died when a powerful tremor caused ...
From boj.or.jp|Aug 3, 2025tables
From gold-eagle.com|Aug 3, 2025As you studied aficionados of deMeadville well know, we refer to those BEGOS Markets comprising Gold, Silver and Copper as “The Metals Triumvirate”. And lately, turbulent indeed ...
-
- Newer Stories
From morningstar.com|Aug 3, 2025|2 commentsSeveral senior Federal Reserve officials on Friday characterized the labor market as "solid" even after a poor July jobs report, and appeared in no rush to lower U.S. interest ...
From miningweekly.com|Aug 3, 2025Australia’s leading gold miners are sitting on war chests of cash and bullion worth hundreds of millions of dollars as record gold prices swell balance sheets and prompt questions ...
From alhambrapartners.com|Aug 3, 2025When the June employment figures were released last month I said there was likely a seasonal adjustment problem with the numbers and that a large part of the government jobs ...
- Story Stats
- Aug 3, 2025 7:50pm Posted byFundamental Analysis320
- Instrument:
