- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- Gold Price Forecast: XAU/USD jumps to one-week highs after US data
Gold Price Forecast: XAU/USD jumps to one-week highs after US data
- Gold gains momentum after US ISM Manufacturing.
- XAU/USD extends rebounds from monthly lows, tests $1,930/oz.
- US Dollar erases gains, US yields pullback from weekly highs.
Following the release of weaker-than-expected US economic data, Gold price jumped to $1,931, reaching the highest level in a week. The weaker data triggered a decline of the US Dollar and boosted Treasury bonds.
US ISM Manufacturing below expectations
The US ISM Manufacturing PMI dropped from 46.9 to 46.0, falling short of expectations for a modest recovery to 47.2. The Prices Paid Index also fell, declining from 44.2 to 41.8, while Employment dropped from 51.4 to 41.8.
These numbers indicate ongoing problems in the manufacturing sector and softer price pressures, which weighed on the US dollar. As a result, the DXY fell to 102.75, testing Friday's lows, while the 10-year US bond yield pulled back from 3.86% and bottomed at 3.78%.
Following the report, XAU/USD jumped to $1,931 but failed to hold above $1,930. It is currently hovering around $1,926, up for the second consecutive trading day.
Gold continues to rebound after falling on Thursday to $1,982, the lowest level since March. While the technical outlook for the yellow metal has improved in the short-term, the bias on the daily chart remains to the downside, and the price remains well below the 20-day Simple Moving Average (SMA) that stands at $1,936.
Technical levels
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
