Gold (XAU/USD) is on a slight uptrend as it stabilizes after previous declines, helped by positioning ahead of the release of Non-Farm Payrolls (NFP) data. Another factor contributing to the mildly positive sentiment for Gold is news of potential stimulus measures in China and US Treasury yields falling from their highest levels since November 2019. 2022. It is important to note that recent mixed signals regarding US employment and economic activity have not impressed the USD bulls, thus allowing XAU/ USD gains gradually after recovering from three-week low.
XAUUSD OUTLOOK: The future of gold will be unpredictable, but the gold trend still favors the buyers
XAUUSD OUTLOOK: The future of gold will be unpredictable, but the gold trend still favors the buyers
