Friday’s NFP and PMI data outperformed expectations, resulting in a dollar increase.
As a result of the recent losses, gold fell below $1900.
Jerome Powell will be giving a speech on the Fed’s next move this Wednesday. Will there be a retracement? Or will the yellow metal continue to fall further?
Timestamps
XAUUSD 01.35
DXY 03.05.
The post Gold Drops $100 On NFP Data! The post Gold Drops $100 on NFP Data! appeared first at Orbex Forex Trading blog.
