World gold prices stabilized with spot gold down 0.4 USD to 1,820.6 USD/ounce. Gold futures last traded at 1,834.4 USD/ounce, down 0.4 USD compared to yesterday morning.
The world gold market was quiet in the early morning trading session this morning (Vietnam time) while waiting for the US Department of Labor's September employment report to be announced on Friday morning. The number of non-farm jobs important jobs are expected to increase by 170,000 compared to an increase of 187,000 in the September report. The private sector jobs report released on Wednesday showed that the US labor market continues to show signs of cooling, causing many People expect to see another disappointing report from the US Department of Labor. A weakening US economy would actually be a good thing for markets, as it would likely temper the rise in bond yields.
XAUUSD SELL LIMIT 1827-1829
TP1: 1822
TP2: 1818
SL: 1834
The world gold market was quiet in the early morning trading session this morning (Vietnam time) while waiting for the US Department of Labor's September employment report to be announced on Friday morning. The number of non-farm jobs important jobs are expected to increase by 170,000 compared to an increase of 187,000 in the September report. The private sector jobs report released on Wednesday showed that the US labor market continues to show signs of cooling, causing many People expect to see another disappointing report from the US Department of Labor. A weakening US economy would actually be a good thing for markets, as it would likely temper the rise in bond yields.
XAUUSD SELL LIMIT 1827-1829
TP1: 1822
TP2: 1818
SL: 1834
