Gold prices rebounded briefly today, but are not out of the woods yet.
Weaker-than-expected U.S. ADP employment data reduced expectations for the Federal Reserve to raise interest rates in November and triggered a sharp adjustment in U.S. Treasury yields. Friday's U.S. non-farm payrolls report and unemployment report will be key to determining whether gold prices rebound and rise or continue to fall.
Awaiting the news release in the United States tomorrow.
Weaker-than-expected U.S. ADP employment data reduced expectations for the Federal Reserve to raise interest rates in November and triggered a sharp adjustment in U.S. Treasury yields. Friday's U.S. non-farm payrolls report and unemployment report will be key to determining whether gold prices rebound and rise or continue to fall.
Awaiting the news release in the United States tomorrow.
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