The price of gold is hovering around its highest level in three weeks, nearing $1,940, as investors await the release of important US ADP jobs data.
Both the US Dollar and US Treasury bond yields are struggling due to disappointing numbers in the US JOLTS Job Openings report.
In a positive move for gold, it has managed to regain its position above the key 50-Daily Moving Average. With this recent development, what lies ahead for the precious metal remains uncertain.
Both the US Dollar and US Treasury bond yields are struggling due to disappointing numbers in the US JOLTS Job Openings report.
In a positive move for gold, it has managed to regain its position above the key 50-Daily Moving Average. With this recent development, what lies ahead for the precious metal remains uncertain.
