The Bank of England kept benchmark rates on hold as anticipated.
XAU/USD Current price: $1,981.35 Investors will now focus on the October US Nonfarm Payrolls report. XAU/USD consolidates around $1,980 as a better mood limits safe-haven demand . Gold trades with a softer tone amid a better market mood, with XAU/USD currently at around $1,981 a troy ounce. The improved sentiment also limits US Dollar demand, leaving the pair ranging within familiar levels.
On Friday, the United States will release the November Nonfarm Payrolls report. The country is expected to have added 180K new jobs in the month, while the Unemployment Rate is expected to have held steady at 3.8%. The country will also publish the October Services PMI, foreseen at 53 from 53.6 in the previous month. XAU/USD short-term technical outlook XAU/USD is little changed for a second consecutive day, not far from its recent peak at $2,006.71.
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