Bonsaben

Bonsaben Updated 

🔴Gold extends decline after US Nonfarm Payrolls beats expectations Gold (XAU/USD) falls all the way back to the $2,294s on Friday after the release of US Nonfarm Payrolls (NFP) data shows the US economy added 272K jobs in May when 185K had been expected. The result was also higher than the April figure which was revised down to 165K. The US Bureau of Statistics...

Bonsaben Updated 

International gold prices rose sharply at the beginning of the week due to expectations of interest rate cuts by the FED. However, prices dropped later in the week due to two factors: the People's Bank of China temporarily stopped buying gold, and the US economy created more jobs than expected, causing speculation that interest rate cuts would be postponed. The...

Bonsaben Updated 

Gold prices pared losses of nearly $2,295 despite a stronger US dollar on Monday in early Asian trading. The yellow metal fell to a one-month low on Friday amid lower bets on a Fed rate cut this year and bearish sentiment fueled by news that China had temporarily Stop buying gold in May. From a technical perspective, Thursday's sustained move beyond the $2,364...

Bonsaben Updated 

The world gold market traded in a moderate state, the price did not fluctuate strongly because investors waited for information about US inflation as well as the minutes of the meeting discussing monetary policy of the US Federal Reserve ( Fed) is expected to announce today (US time). The next important level that the market needs to watch is 2,300 USD/ounce. If...

Bonsaben Updated 

The recovery is still cautious in the context that technical charts show that the downward pressure on gold prices in the short term is still strong and investors wait for the results of the US Federal Reserve (Fed) meeting this week... World gold prices recovered during the trading session on Monday (June 10), regaining the key threshold of 2,300 USD/oz, after...