US STOCK INDICES FUTURES EXTENDED GAINS WHILE GOLD (XAU/USD) RECENT LOSSES FOUND SUPPORT AT THE 20-DAY MA
US STOCK INDICES FUTURES EXTENDED GAINS WHILE GOLD (XAU/USD) RECENT LOSSES FOUND SUPPORT AT THE 20-DAY MA
In the Asian session on Friday, US stock index futures reversed early losses.
The S&P 500 and Nasdaq 100 E-mini futures initially fell 0.4% and 0.3%, respectively, following cautious outlooks from Apple and Amazon despite upbeat Q1 earnings.
Gold (XAU/USD) recently experienced losses but found support at the 20-day moving average, indicating a potential stabilization in the precious metal's price.
Despite strong Q1 earnings, investor sentiment was tempered by cautious outlooks from major tech companies, affecting the performance of stock index futures.
The 20-day moving average serves as a key technical indicator for gold prices.
A sustained move above this level could signal a bullish trend, while a drop below may indicate further losses.
Market participants are closely monitoring upcoming economic data, including the Nonfarm Payrolls report, to gauge the health of the economy and potential impacts on asset prices.
The performance of US stock index futures and gold prices reflects broader global market reactions to corporate earnings and economic indicators, influencing investor decisions across various asset classes.
