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Gold climbs on soft US jobs data, lower US Treasury yields
Gold’s price remains range-bound and advanced on Wednesday, making a U-turn to Tuesday’s price action following the release of mixed US economic data that could warrant lower borrowing costs set by the US Federal Reserve (Fed).Fxstreet
Jun 5, 2024
Silver Price Forecast: XAG/USD steadies below $30 ahead of US ISM Services PMI
Silver price (XAG/USD) fails to find direction and remains sideways below the psychological resistance of $30.00 despite the United States (US) Automatic Data Processing (ADP) has reported weaker-than-expected private payroll data for May.Fxstreet
Jun 5, 2024
Gold price remains capped in a familiar trading range ahead of US Services PMI data
Gold price (XAU/USD) came under renewed selling pressure on Tuesday and dropped to the $2,316-2,315 area, back closer to a multi-week low touched the previous day in the wake of a modest US Dollar (USD) strength.Fxstreet
Jun 5, 2024
Crude Oil extends gains, WTI breaks $80 as markets look to OPEC+
West Texas Intermediate (WTI) US Crude Oil rose on Tuesday as energy markets look to production cuts from the Organization of the Petroleum Exporting Countries (OPEC), and its extended network of non-member partner countries OPEC+, to maintain production cuts in order to try and tamp down global Crude Oil production in the face of disappointing demand.Gold Price Forecast: XAU/USD eyes a range breakout, as Fed Minutes looms
Gold price is trading around a flatline near $2,330 early Wednesday, as traders consider the recent US jobs data and Federal Reserve (Fed) Chairman Jerome Powell’s speech, bracing for yet another busy US calendar.Fxstreet
Jan 1, 2017
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