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Gold Price Forecast: XAU/USD returns above 20-day EMA as Fed dovish bets soar
Gold price (XAU/USD) clings to gains near Friday’s high around $3,350 during the European trading session on Monday. The precious metal trades firmly as cooling labor market conditions have forced traders to raise bets supporting interest rate cuts by the Federal Reserve (Fed) in the September meeting. Lower interest rates by the Fed bode well for non-yielding assets, such as Gold. Meanwhile, 10-year US Treasury yields trade vulnerably near almost three-month low around 4.20%. The US NFP report showed on Friday that the economy added 73K fresh workers, significantly lower than estimates of 110K. Also, employment ... (full story)
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From marketpulse.com | Aug 4, 2025
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