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Gold eases and dollar steadies as markets await US jobs report after soft sales
Market Recap XAUUSD XAUUSD finished the session at 5022.93, down 36.68 (-0.73%) on the day, after trading a 90.77 range, equal to 1.79% of the open. The market opened at 5059.61 and quickly pressed lower, setting the session low at 4987.88 at 01:12, briefly dipping below the 5,000 round level and printing in the 4980 handle. Price then recovered through the…
Gold advances while yen firms as focus shifts to US retail sales
Market Recap XAUUSD XAUUSD ended the session at 5060.3, up 73.8 points or 1.48% from the 01:00 open, after traversing a 121.52-point intraday range that equated to 2.44% of the opening level. The day’s low was established early at 4965.12 at 01:08, and price stayed above that trough for the remainder of the session, progressing to a late peak at 5086.64…
Dollar eases as gold rallies and sterling advances after Canada jobs beat
Market Recap XAUUSD XAUUSD finished the 06-Feb session at 4966.01, up 172.37 or 3.6% from the 4793.64 open. The day spanned 316.31, equal to 6.6% of the open, carving out a low at 4655.18 at 02:17 before reaching a high at 4971.49 at 20:12. Price set its trough shortly after the start, then advanced through the remainder of the session to…
Gold falls as BoE easing and softer US labor weigh ahead of Canada jobs
Market Recap XAUUSD XAUUSD fell through the session, settling at 4776.55 by 23:57, down 189.02 points or 3.807% from the 4965.57 open. Price carved out a 263.88-point intraday range, equal to 5.31% of the open, with the day’s extremes bookending trade: a high at 5023.82 at 01:45 and a low at 4759.94 at 23:40. The close was near the bottom of the…
Dollar gains on resilient US data while sterling slips before BoE
Market Recap XAUUSD XAUUSD ended the session at 4965.2, up 18.8 or 0.38% from an open at 4946.4, after traversing a 237.34-point span that equated to 4.8% of the open and about 90% of the 14-day daily ATR of 264.47. Price pressed higher through the morning to a peak at 5091.9 at 10:01, trading above the 5000 figure, before reversing into…
