The gold market is experiencing technical selling pressure and a decline in response to better-than-expected US labor market data.
The gold market declined as US factory goods orders showed a larger decrease than expected, indicating possible economic weakness.
Gold and silver prices are slightly up in quieter early U.S. trading, with traders and investors anticipating a more active market next week following the Labor Day weekend holiday.
Gold prices could receive a boost from key technical indicators, U.S.-China tensions, and weaker economic data, despite some challenges, according to Arslan Butt, Lead Commodities and Indices Analyst at FX Leaders.
Gold prices are holding steady gains near session highs as the U.S. labor market showed stability with higher nonfarm payrolls but also a rise in the unemployment rate.
Gold prices remained stable near session lows as the latest data on the U.S. manufacturing sector showed improvement but still indicated contraction for the tenth consecutive month.
The U.S. dollar declined due to weaknesses in economic growth, leading to a boost in the performance of gold and U.S. equities, while other global assets experienced mixed price movements throughout the week.
Gold price remains below the resistance level of $1,950.00 as investors await the US Services PMI data, while cooling labor market conditions increase the likelihood of the Federal Reserve keeping interest rates unchanged for the rest of the year.
Silver and gold prices have slightly declined, with silver down 4% and gold down 0.5%, leading to speculation about the potential for traders to switch back to silver from gold.
Gold prices decline slightly as the dollar remains strong, with investors awaiting further signals on the U.S. Federal Reserve's monetary policy after an expected interest rate pause this month.
Gold and silver prices are lower due to technical selling and a lack of fresh fundamental news, while rising crude oil prices have potential economic and marketplace effects.
Gold prices fell around 1% after Labor Day, with retail investors expecting further declines next week, while market analysts remain bearish, citing the strength of the U.S. dollar as a key factor influencing gold's performance.
Gold and silver prices are slightly down as U.S. Treasury yields rise, the U.S. dollar index remains high, and traders and investors anticipate a potential U.S. government shutdown.
Despite a decline in consumer optimism in September, the gold market is seeing little demand as a safe-haven asset, with prices trading near session lows as the US dollar and bond yields remain elevated.
The gold market remains near a six-month low as it tests support above $1,900 an ounce, but is not experiencing major selling pressure despite strong US manufacturing data, with December gold futures currently trading at $1,909.60 an ounce.
Gold (XAU/USD) reached new lows as US yields surged, while the S&P 500 experienced a late recovery but remains uncertain for tomorrow.
The strength of the US dollar and rising bond yields are causing gold prices to fall to their lowest level since March, with some analysts predicting that the bearish momentum could push prices down further to their 2023 lows at $1,810 in the spot market.
Gold prices stabilize near a six-month low as the dollar remains strong and investors await U.S. economic data for insight into the Federal Reserve's interest rate plans.
The gold market is experiencing some modest technical buying after a drop to a 6.5 month low, despite stable labor market data and the Federal Reserve's aggressive monetary policies.
Gold prices decline as US manufacturing sector shows improvement but still contracts for the eleventh consecutive month, with the employment index rising and the prices index falling.
Gold prices have reached their lowest settlement since March, moving away from record-high levels and heading towards a "death cross," due to surging Treasury yields and a stronger dollar.
Gold prices decline as the U.S. Congress reaches a short-term deal to avert a government shutdown, leading traders to regain risk appetite and pushing gold to its lowest level since March.
Gold prices hover around session lows as the U.S. service sector experiences a moderate pullback in September, according to data from the Institute for Supply Management (ISM).
Precious metals prices have been declining recently due to the higher interest rate projections by the Federal Reserve, but the weakness in gold prices may also be influenced by China's internal market dynamics and its impact on global gold prices.
Gold prices are holding near their lowest levels since March due to the Federal Reserve's monetary policy, but ING remains optimistic that prices can rally above $2,000 an ounce next year and higher through 2025.
Gold prices are slightly lower after the US employment report for September shows stronger-than-expected non-farm payrolls gains, indicating that the Federal Reserve will likely maintain its hawkish stance on monetary policy.
Gold and silver prices slightly decline after U.S. consumer inflation data comes in higher than expected, but tensions in the Middle East maintain a safe-haven bid for precious metals.
Gold prices fell on Monday after a series of strong gains, as investors shift focus to the potential spillover from the Israel-Hamas war.
Gold and silver prices are weaker in early trading as a result of downside corrections and rising U.S. Treasury yields, while risk aversion and uncertainty in the Middle East and China's economic situation also contribute to the market's bearish sentiment.
The number of jobless claims in the US has dropped to its lowest level since late March, indicating strong momentum in the labor market; however, gold prices remain steady due to factors such as geopolitical uncertainty and rising inflation expectations.
Preliminary U.S. economic data shows better-than-expected activity in October, potentially leading to further selling pressure in the gold market.
