Gold ticks up on US Dollar weakness following weak ADP data
Gold (XAU/USD) prices have ticked up following the release of weaker-than-expected US ADP Employment figures. The pair is approaching Tuesday's highs at $2,040 after having found support at the $2,000 psychological level, on its reversal from the all-time highs at $2,150.
US Treasury yields have turned lower as the weak ADP cast doubt about Friday's Nonfarm Payrolls data. These figures confirm that the US labor market is losing momentum, which adds reasons to think that the Federal Reserve (Fed) might start easing its monetary policy early next year
US Treasury yields have turned lower as the weak ADP cast doubt about Friday's Nonfarm Payrolls data. These figures confirm that the US labor market is losing momentum, which adds reasons to think that the Federal Reserve (Fed) might start easing its monetary policy early next year