U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth.
Gold Silver Reports (GSR) – While latest comments from the US Treasury Secretary triggered some risk-off during late-Wednesday, activating the yellow metal’s pullback, Gold prices remain mostly flat around $1408 amid Thursday morning in Asia.
Gold Silver Reports (GSR) – Gold Spot prices touched highs near $1,349 an ounce after a report early Wednesday on private-sector employment for May from payroll processor ADP said employers hired 27,000 people in the month — marking the lowest growth since March of 2010.
Gold Silver Reports (GSR) – US Gold Major support to be watched – $1290. Any break below targets $1286/$1283.it should break below $1275 for minor weakness.Major trend reversal only below $1266.Below that level targets $1250.
Gold prices rose alongside other safe-haven assets on Wednesday as the trade rift between the United States and China showed no sign of cooling, with investors fearing a global economic slowdown.
Gold Silver Reports (GSR) – Gold price could once again move lower as U.S. dollar continues to march higher. Moreover, we expect the current geopolitical tensions to diffuse on several fronts
Spot gold was down 0.2% at $1,282.73 per ounce by 1200 GMT, having touched its highest since May 17 at $1,287.32 in the previous session.
Gold Silver Reports (GSR) – Gold prices touched a more than one-week high on Monday as fears of a protracted U.S.-China trade war hurt risk sentiment, while poor economic data from the United States bolstered bets of a U.S. Federal Reserve rate cut.
SPOT GOLD TRADING TIPS – GOLD IS FORMING BULLISH PENNANT ENTRY LEVEL 1282—1279 SL 1274 TARGET PRICE $1297——$1302.