Gold Price Forecast: XAU/USD struggles near $1,760 on sour sentiment ahead of US PMIs, NFP – by anilpanchal7 Gold XAUUSD Fed NFP Recession
Risk appetite dwindles amid headlines surrounding China, pre-NFP anxiety.US ISM Manufacturing PMI could decorate calendar ahead of the key Services PMI, jobs report for July. remains pressured despite bouncing off the intraday low, down for the first time in four days, as buyers take a breather around the one-month peak. That said, the yellow metal recently rises to $1,763, after refreshing the intraday low to $1,760 during Monday’s Asian session.
US House Speaker Nancy Pelosi begins her Asia visit but the schedule doesn’t mention her Taiwan visit The reason could be attributed to Beijing’s warnings. “Six people familiar with the Chinese warnings said they were significantly stronger than the threats that Beijing has made in the past when it was unhappy with US actions or policy on Taiwan,” said the Financial Times .
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