Gold price is attempting a tepid bounce above $1,820 early Friday, in a replication of a move seen in Thursday’s Asian trading. Markets turn cautiousl
Gold price off seven-month lows, recovers ground above $1,820 early Friday. The US Dollar consolidates amid cautious optimism, firmer US Treasury bond yields. Gold price eyes a sustained rebound and critical US Nonfarm Payrolls data. y optimistic heading toward the all-important Nonfarm Payrolls data from the United States due later in the day.
Following a much smaller-than-expected US private job growth, as reported by the ADP, to 89K in September, downside risks remain intact to the headline NFP number, which could weigh further on the November rate hike expectations by the US Federal Reserve , in the face of loosening labor market conditions.
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