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Gold trades volatile but range bound after US Nonfarm Payrolls
Gold (XAU/USD) pulls back down to just below $2,500 per troy ounce on Monday after retesting its all-time highs on Friday, amid market volatility following the release of a mixed US Nonfarm Payrolls (NFP) employment report.Fxstreet
Sep 9, 2024
Crude Oil finds floor, but concerns over demand outlook weigh
Crude Oil rebounds slightly on Monday after dipping lower on Friday after the US Jobs Report showed that the US economy is cooling down but not on the edge of a recession, easing the chances of a chunky interest-rate cut by 50 basis points from the US Federal Reserve (Fed) in its upcoming meeting on September 18.Fxstreet
Sep 9, 2024
Crude Oil faces uphill battle with OPEC keeping traders in the dark
Crude Oil consolidates this week’s sharp decline to a fresh year-to-date low below $70.00 for a second day in a row on Friday. Crude Oil prices remain subdued mostly because of the sketchy communication from the Organization of the PetroleumFxstreet
Sep 6, 2024
Gold extends recovery after weak US private payrolls data
Gold (XAU/USD) trades back inside familiar territory, exchanging hands in the $2,510s on Friday after extending its rebound following the release of more weak jobs’ data from the US on Thursday, this time in the form of private payrolls data, which grew at a slower pace than expected.Fxstreet
Sep 6, 2024
