GOLD Live News

This page provides live coverage and news analysis on GOLD trading

Aug. 6, 2020

Gold rises to 2059.0 ahead of expected improvement of United States Initial Jobless Claims, data will be released today at 12:30 PM

Live - Updated 135 minutes ago.

Gold rallies 27.9 dollars and maintains at 2059.0 level.

Despite this, other data released earlier might suggest a different path as United States ISM Non-Manufacturing PMI (Jul) beats expectations of 55.0 with new data release of 58.1. This is also a step forward from the previous data of 57.1.

Positive Gold indicators are expected going forward as Tomorrow at 12:30 PM data for Non Farm Payrolls will be released, with an expected decline to 1,600K from the preceding figure of 4,800K.

Traders might want to keep an eye for a setback as United States Unemployment Rate is projected to outperform last figure with 10.5%, while it previously stood at 11.1%, data will be released tomorrow at 12:30 PM. United States Initial Jobless Claims is projected to outperform last figure with 1,415K, while it previously stood at 1,434K, data will be released today at 12:30 PM.

With no clear-cut projections the market is looking forward for United States CFTC Gold speculative net positions set for tomorrow at 7:30 PM.

Aug. 5, 2020

Gold is trading around 2034.4 after starting the day at 2031.1 (up 0.16%)

(22:01) GMT

Gold recovered to 2034.4 from 2027.5.

Traders might want to keep an eye for a setback as United States Initial Jobless Claims is projected to outperform last figure with 1,415K, while it previously stood at 1,434K, data will be released tomorrow at 12:30 PM.

With no clear-cut projections the market is looking forward for United States FOMC Member Kaplan Speaks set for tomorrow at 2:00 PM. United States Challenger Job Cuts (YoY) set for tomorrow at 11:30 AM. United States Challenger Job Cuts (Jul) set for tomorrow at 11:30 AM.

Aug. 4, 2020

Gold climbs to 2016.1 (a 0.74% gain) after starting the day at 2001.2

(22:01) GMT

Gold is trading at 2016.1.

This move comes while some more positive signs for Gold are out as United States API Weekly Crude Oil Stock fall short of the -3.300M projections, with -8.587M and continued its downward trajectory from previous figure of -6.829M. Data for United States Factory Orders was released today at 2:00 PM is better than expected with 6.2%, but worse than previous figure of 7.7%.

Despite this, other data released earlier might suggest a different path as United States ISM Manufacturing PMI (Jul) beats expectations of 53.6 with new data release of 54.2. This is also a step forward from the previous data of 52.6. United States ISM Manufacturing Employment (Jul) released earlier shows an improvement to 44.3 from the preceding data of 42.1, but falls short of the projected 48.3.

Traders might want to keep an eye for a setback as United States Bankruptcies is projected to outperform last figure with 1,500K, while it previously stood at 2,369K, data will be released tomorrow at 12:15 PM.


Compare The Top Forex Trading Brokers In Your Location


Aug. 3, 2020

Gold goes up to 1984.2 after good United States ISM Manufacturing PMI (Jul) data

(17:01) GMT

Gold rallied 21.4 dollars (1.09%) deep into the session trading at 1984.2.

This move comes while some more positive signs for Gold are out as United States Manufacturing PMI fall short of the 51.3 projections, with 50.9 and continued its downward trajectory from previous figure of 49.8.

Despite this, other data released earlier might suggest a different path as United States ISM Manufacturing PMI (Jul) beats expectations of 53.6 with new data release of 54.2. This is also a step forward from the previous data of 52.6. United States ISM Manufacturing Employment (Jul) released earlier shows an improvement to 44.3 from the preceding data of 42.1, but falls short of the projected 48.3. United States Construction Spending (MoM) (Jun) released earlier shows an improvement to -0.7% from the preceding data of -1.7%, but falls short of the projected 1.0%.

Positive Gold indicators are expected going forward as Tomorrow at 2:00 PM data for Factory Orders will be released, with an expected decline to 5.0% from the preceding figure of 8.0%.

Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.