TVC:GOLD Gold price remains slightly bullish as it consolidates previous losses amid positioning ahead of NFP. Also allowing Gold to maintain a light bid are headlines showing China stimulus and US Treasury yields falling from their highest levels since November 2022. It's worth noting the active signals The recent mixed US employment and activity has been unimpressive for US Dollar bulls, thereby allowing GOLD to move higher after turning from three-week lows.
Earlier, US policymakers rushed to protect Treasuries after Fitch Ratings cut the US credit rating from AAA to AA+. The same goes for ongoing US-China tensions, as well as concerns about weaker economic growth in China, affecting sentiment and GOLD.
Comment
⋅
Please be patient and wait, the signal for Non Farm news