Page 12 - லூயிஸ் ஊட்டி ப்ரெஸிடெஂட் ஜேம்ஸ் புல்லார்ட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

7/30/2021 7:08:53 PM GMT Gold posted gains for the week despite Friday’s pullback. FOMC Chairman Powell’s remarks and disappointing data weighed on USD. Gold’s near-term technical outlook turns neutral as focus shifts to US July jobs report. After closing the previous week in the negative territory, gold stayed on the back foot on Monday and dropped below $1,800. However, the subdued market action ahead of key macroeconomic events allowed the precious metal to stay in a consolidation phase on Tuesday. With the greenback coming under heavy selling pressure in the second half of the week, the XAU/USD pair managed to stage an impressive rebound. Following a rally to a fresh two-week high of $1,832 on Thursday, the pair retraced a portion of its upside but registered weekly gains by settling above $1,810. 

Jerome powellJames bullardUs department of laborUs bureau of labor statisticsUs bureau of economic analysisEconomic analysisGross domestic productCore personal consumption expendituresPrice indexLouis fed president james bullardPrices paid indexInitial jobless claimsLabor statisticsNonfarm payrollsRelative strength indexForecast poll