World gold price in the early morning increased slightly with spot gold increasing by 4.4 USD to 1,965.5 USD/ounce. December gold futures were last traded at $2,009.2 per ounce, up $9.3 from the previous day's dawn.
The world gold market in the first trading session of the week was relatively quiet due to the lack of information to promote the market. Currently, investors are waiting for the jobs report in July for more clues on the Federal Reserve's (Fed) next Monetary Policy roadmap. Nonfarm payrolls numbers are expected to rise to 200,000 jobs, compared with a gain of 209,000 in the June report.
It is only a matter of time before the US Central Bank starts pumping money back into financial markets to keep the economy from falling into a recession, he said. At that time, fear will increase in the market and push gold up.
XAUUSD
BUY 1891-1893🕯
✅ TP1: 1900
✅ TP2: 1905
⚠️ SL: 1888
The world gold market in the first trading session of the week was relatively quiet due to the lack of information to promote the market. Currently, investors are waiting for the jobs report in July for more clues on the Federal Reserve's (Fed) next Monetary Policy roadmap. Nonfarm payrolls numbers are expected to rise to 200,000 jobs, compared with a gain of 209,000 in the June report.
It is only a matter of time before the US Central Bank starts pumping money back into financial markets to keep the economy from falling into a recession, he said. At that time, fear will increase in the market and push gold up.
XAUUSD
BUY 1891-1893🕯 ✅ TP1: 1900
✅ TP2: 1905
⚠️ SL: 1888
