-
Gold Price Forecast: XAU/USD holds above $5,000 with US employment in focus
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, standing above the $5,000 psychological level, trading at $ 5,050 at the time of writing, with markets calm ahead of the release of the US ADP Employment Change Report, due later on Wednesday. Precious metals remain weighed by a steady US Dollar, buoyed by the end of a two-day shutdown and the positive reaction to the nomination of Kevin Warsh as the next Fed Chairman. The Greenback's rally seen over the last few days, however, seems stalled. In this context, the ADP is likely to set the near-term direction for the USD, and probably also ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From forex.com | Feb 3, 2026
In last week’s webinar the Dollar had pushed lower after President Trump was asked what he though about the US Dollar weakness, to which he responded, ‘it’s great.’ USD flushed lower and EUR/USD jumped above the 1.2000 level but as we looked at last Tuesday, those were both difficult moves to chase. It was what happened a day later that remains of interest ...
From dailyforex.com | Feb 4, 2026
The gold market has jumped nicely on Tuesday, as we continue to see plenty of interest in the metals sector. Ultiamtely, this is a good sign, but also a dangerous one. The gold market has broken quite a bit higher during the trading session here on Tuesday and it now threatens to break above the $5,000 level. The market is doing exactly what I would not ...
Private sector employment increased by 22,000 jobs in January and pay was up 4.5 percent year-over-year according to the January ADP National Employment ReportŪ produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the ...
