The increase in new jobs for July was downwardly revised to 159,000 from 164,000 and June’s figure was cut to 178,000 from 193,000. Average hourly earnings was a bright spot, rising by 0.4% in August and 3.2% over the year, beating expectations. The market reacted to the jobs data with a sharp rally in gold and the US dollar weakening against its major counterparts.
gold future price
MCX Gold Below 38844 Sell More Gold And Relaxxx
MCX Gold settled down 2.33% at 38894 dropped sharply posting their largest one-day dollar loss in almost three years to settle at a two-week low.
Spot Gold Short-term support lies at $1,525
Spot Gold – In addition to portfolio managers buying up gold as their preferred safe-haven trade, central bank purchases are expected to provide an additional level …
Gold Locked in a Symmetrical Triangle
Gold Silver Reports (GSR) – The yellow metal (Gold) rose to a six-year high of $1,535 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.
Spot Gold Bulls Will Need to Break Above 1,511 – Gold Silver Reports
The Spot Gold bulls will need to break above 1,511, the 2019 high, to travel north towards 1,530.00 and 1,555.00 resistances.
Gold is trading above its main simple moving averages suggesting bullish momentum in the medium term. Support is seen at 1,472.00 and the 1,452.00 levels.
Why Gold Prices in India @ A Six-Year High – Gold Silver Reports
Why Gold Prices in India @ A Six-Year High – अंतर्राष्ट्रीय वायदा बाजार कॉमेक्स पर सोना बुधवार को 1,500 डॉलर प्रति औंस यानी (1,06,443.45 रुपए प्रति औंस या 37,546.19 रुपए प्रति दस ग्राम) के पार चला गया है
Spot Gold Hold Near $1,428, Waiting FOMC & US-China Trade Talks
Gold Silver Reports (GSR) – The precious metal failed to build on its modest uptick witnessed over the past two trading session and was now being weighed down by a combination of negative factors – including the prevalent bullish sentiment surrounding the US Dollar and improving global risk sentiment.