Gold Prices Bid as Weak NFPs, Trade War worries Stoke Haven Demand

as informed in Editor's Note: The article was updated to reflect higher gold prices in delayed reaction to the data. Monday, the ISM told its manufacturing index showed a reading of reading 59.3% for March, drop from February's reading of 60.8%. While the report showed a drop in sentiment, overall the information shows leverage development expectations for the manufacturing sector. Looking at the labor market, the Employment Index showed a reading of 57.3%, drop from the February reading of 59.7 percent. The Prices Index showed a reading of 78.1% in March, up from the February reading of 74.2%.

Gold Prices Bid as Weak NFPs, Trade War worries Stoke Haven Demand

Fundamental prediction for Gold: NeutralGold value nudge higher on the 7 days as market sentiment sours- On the lookout for a lowW hat's driving gold prices? Gold prices inched higher this 7 days by the precious metal nudging up almost 0.5% ahead of the NY lose on Friday. For gold, this volatility probably save a floor under prices as danger sentiment begins to deteriorate. Traders found solace in the perceived security of gold by prices reversing sharply off the every week lows on Friday. Gold 240min value ChartA closer look at gold value action sees the early 7 days advance Turning around sharply from parallel resistance of the slope line extending off the February highs.

As it stated in

collected by :kiven Dixter