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Gold snakes sideways prior to US Nonfarm Payrolls
Gold (XAU/USD) continues trading sideways in the $2,660s on Friday as traders brace for the release of what is likely to be the most significant macroeconomic data report of the week, the US Nonfarm Payrolls (NFP) for September published by the US Bureau of Labor Statistics (BLS).Fxstreet
Oct 4, 2024
Crude Oil posts fresh monthly high as markets weigh up likelihood of fresh escalation in Middle East
Crude Oil heads into its fourth straight day of gains for this week, accumulating more than 8% price rise since its opening on Monday. With tensions not easing in Lebanon, more risk is being priced in after headlines emerged that Israel was seeking greenFxstreet
Oct 4, 2024
Gold price remains range bound, looks to US NFP report for fresh directional impetus
Gold price (XAU/USD) extends its sideways consolidative price move in a familiar range held since the beginning of the current week as traders await a fresh catalyst before positioning for the next leg of a directional move.Fxstreet
Oct 4, 2024
Crude Oil holds onto gains as Middle-East tensions outweigh US inventory build
Crude Oil jumps another 1% on Thursday as tensions in the Middle East continue to run high and despite the surprise buildup in US inventories. Traders try to assess what the next step could be in the standoff between Israel and Iran, either furtherFxstreet
Oct 3, 2024
Gold price extends the range play below record high, bulls not ready to give up yet
Gold price (XAU/USD) remains on the defensive during the Asian session on Thursday amid a stronger US Dollar (USD), which continues to draw support from diminishing odds for a more aggressive policy easing by the Federal Reserve (Fed).Fxstreet
Oct 3, 2024
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