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via fxstreet.comMarkets

Gold drifts lower as rebounding bond yields and Fed hike bets support USD ahead of US NFP

FROM THE WIRE · FXSTREET.COM

Gold (XAU/USD) attracts fresh sellers after failing to find acceptance above the $4,100 mark during the Asian session on Friday, extending the previous day's retracement slide from a two-week high.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRising bond yields and Fed hike expectations tend to weigh on gold and strengthen the dollar ahead of the US jobs report.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Gold fails to hold above the $4,100 mark during the Asian session.
  2. 02The metal extends the previous day's retracement from a two-week high.
  3. 03Rebounding bond yields and Fed hike bets support the US dollar.
  4. 04Attention is on the upcoming US NFP release.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,056.40 USD+0.09%today -1.39%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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