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A significant trend in Gold is imminent! The "little non-farm job report" and the Federal Reserve's minutes have arrived. FXStreet Senior Analyst's Gold trading analysis.
In early European trading on Wednesday, spot Gold maintained a mild rebound, with the current price at $2652 per ounce. FXStreet Senior Analyst Dhwani Mehta noted that in the early hours of Wednesday, Gold was consolidating around $2650 per ounce after a previous rebound, awaiting the release of the USA ADP employment report and the minutes from the Federal Reserve's December meeting, preparing for the next round of increases.
Gold Futures Close Higher On Weaker US Dollar
Gold is brewing a major breakout trend! The important employment data from the USA and ISM Indicators are here. How to trade Gold prices?
On Tuesday morning in the European market, spot Gold is maintaining a rebound trend during the day, with the current price around $2,644 per ounce. FXStreet senior Analyst Dhwani Mehta wrote that the Gold price is staying in the Range near $2,640 per ounce, and starting from Tuesday, the USA will sequentially release employment data.
Industry experts predict for 2025: Gold remains strong! Several CSI Commodity Equity Index face immense pressure.
Almost all CSI Commodity Equity Index are likely to face pressure this year!
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2025 Gold Outlook: Three Bullish Factors, Double Tailwinds.
Large asset management companies expect that in the most optimistic scenario, Gold prices will reach at least the 3000 mark this year; even in the most pessimistic scenario, a key factor can help Gold find bottom support.