GOLD PRICE FORECAST: XAU/USD BUYERS APPEAR NON-COMMITTAL AHEAD OF US LABOR DATA

Tina Collins

03 Dec 2024

Gold remains below $2,650, trading in a narrow range.

Price stays below the 21-day SMA at $2,641 with a bearish daily RSI.

Awaiting key US labor data, including the JOLTS survey, for further direction.

US Dollar recovers amid concerns over China and potential Trump tariffs.

Employment data will provide clues on future Federal Reserve interest rate decisions.

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XAG/USD RISES TO NEAR $32.60 AS USD CORRECTS AHEAD OF US NFP

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