GLTR Abrdn Precious Metals Basket ETF
- 113.530
- +1.160+1.03%
The big Gold market is on the brink! How to Trade Gold on 'Non-Farm Payroll Day'? Analyst's latest technical analysis of gold prices.
In Friday's European market morning, spot Gold maintained its intraday upward momentum, with the current gold price at 2,680 USD/ounce. FXStreet Senior Analyst Dhwani Mehta stated that Gold traders are eagerly awaiting the USA non-farm employment data in order to make new bets.
The non-farm report is coming, and the market may face a huge shock! Be alert for this "major event" that may strike - analysis of Euro, British Pound, Japanese Yen, and Gold trade.
On Friday (January 10), during the early European session, the USD remained stable, currently around 109.25; spot Gold maintained its intraday rebound, currently around 2676 USD per ounce. On this trading day, investors will face the USA non-farm payroll report, which is expected to trigger significant market volatility. Investors need to be cautious of the risk of Japan intervening in the foreign exchange market after the non-farm release. The well-known financial news website Economies.com published a latest article on Friday, providing a forward-looking analysis of the recent trends of EUR/USD, GBP/USD, USD/JPY, and Gold.
Gold Price Stands Tall Near Multi-week Top; Looks to US NFP for Fresh Impetus
Gold bulls are making their presence felt! The price of gold once neared 2680 dollars. With the non-farm payroll data approaching, how to trade Gold?
On Thursday, spot Gold continued its recent upward trend, with prices at one point nearing 2680 USD/ounce. FXStreet Analyst Christian Borjon Valencia stated that market focus has shifted to the upcoming USA non-farm employment data and the University of Michigan Consumer confidence data, in search of further economic clues.
Gold continued to rise, with COMEX Gold Futures closing up by 0.47%.
Gold continued to rise as traders considered the prospects of the Federal Reserve's easing path ahead of Friday's important employment data. COMEX Gold Futures rose by 0.47% to $2,692.6 per ounce; COMEX Silver Futures increased by 0.93% to $31.03 per ounce.
USA officials expect that negotiations between Russia and Ukraine may begin early this year!
On the eve of leaving office, the Biden administration released another 0.5 billion USD in aid to Ukraine, to increase Ukraine's "potential bargaining chips."
Gold: Rebound Towards Last Month High at $2725 Is Possible – Société Générale
Gold is brewing for further explosion! Pay attention to these important resistances and supports. FXStreet Chief Analyst's analysis of the technical outlook for Gold.
On Thursday during the Asian market, spot Gold remained stable, with prices currently around $2662 per ounce. FXStreet's chief Analyst Valeria Bednarik stated that Gold has continued its increase this week, with a recent target of achieving higher peaks.
"The 'little non-farm payroll' and the Federal Reserve's minutes make their appearances one after another, causing significant fluctuations in Gold! How to Trade after Gold prices closed up by 13 dollars?"
On Wednesday, the spot Gold price experienced significant fluctuations, driven by the "Little Non-Farm" ADP employment data and the Federal Reserve's meeting minutes which impacted market trends. Ultimately, the Gold price closed strongly up by 13 dollars. Bart Melek, head of commodity strategy at TD Securities, stated that the reduction in private sector employment numbers fueled the rise in Gold prices, as a decrease in employment ultimately indicates that the economic situation is weaker than many had anticipated.
Nomura's Global Macro Research Director: The Federal Reserve will only cut interest rates once in 2025, and it is even possible that there may be a rate increase?
Is the interest rate cut no longer happening.
Gold: China's Central Bank Buys More Gold – ING
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.
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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.
Gold Trade Reminder: Two major key data from the USA might ignite the market! FXStreet's chief Analyst analyzes the technical outlook for Gold.
On Tuesday during the Asian market, spot Gold maintained a mild rebound, with gold prices currently around $2639 per ounce. FXStreet chief Analyst Valeria Bednarik stated that gold prices continue in a consolidation phase, with bulls taking a slight breather while still maintaining control.
Gold Declines After Trump Says His Tariffs Won't Be Pared Back
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