Title: Gold Holds Above $1800, PMI Up Next!
Post by: PocketOption on Dec 05, 2022, 12:43 pm
Post by: PocketOption on Dec 05, 2022, 12:43 pm
Gold Holds Above $1800, PMI Up Next!
Source: Gold Holds Above $1800, PMI Up Next! (https://www.orbex.com/blog/en/2022/12/gold-holds-above-1800-pmi-up-next)
The precious metal reached a 3-month high on Friday as the NFP failed to fade risk appetite.
Investors are awaiting further guidance as the ISM Services data follows up today.
The DXY is looking to test the previous week's low as expectations of a slowdown in the interest rate hike pace by the Federal Reserve await next week.
Timestamps
XAUUSD 01:50
DXY 03:05
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Source: Gold Holds Above $1800, PMI Up Next! (https://www.orbex.com/blog/en/2022/12/gold-holds-above-1800-pmi-up-next)