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Gold Hits Monthly High, But for How Long?

Started by PocketOption, Nov 08, 2022, 07:33 am

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PocketOption

Gold Hits Monthly High, But for How Long?

Gold prices pushed higher after the NFP data showed America added more jobs than expected.


This could suggest that the Fed could keep lifting rates due to the tightness of the labour market.


On the flip side, we saw the biggest daily gains for the EURUSD pair for some time.


So, is another test at parity imminent, or will bears enter the market to begin the reversal?


Timestamps

XAUUSD 01:45

EURUSD 03:05


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