Read more
8:39 AM · 10 April 2023

Chart of the day - Gold (10.04.2023)

-
-
Open account Download free app

Gold is lower by about 0.6% from the perspective of the first session of the week. It is the first trading day for gold after the release of NFP jobs data from Friday when the market for gold was closed. Data from the US labor market showed that a rate hike from the Fed in May is still in the game. The data showed a further strong rise in employment above 200k and a decline in the unemployment rate to 3.5%. From the perspective of monetary policy in the US, inflation data due for release on Wednesday will be crucial. Although wages data decreased more than expected, it is still inconsistent with the inflation target of 2%.

In response to good data from the US, gold reacted to a stronger dollar (USDJPY). Gold opened with a bearish gap that later was closed. Gold is currently trading below $2,000 an ounce. There is a support of around 1985 USD per ounce that is confirmed by 50 period SMA and the upper limit of the triangle pattern.

Source: xStation5

2 April 2026, 6:45 AM

Morning Wrap: Trump want to send Iran "back to the Stone Age". Indices tumble (02.04.2026)

1 April 2026, 5:48 PM

Daily Summary - Markets Await Trump's Address

1 April 2026, 3:43 PM

BREAKING: Another big increase of oil inventories despite Middle East disruption

1 April 2026, 2:04 PM

🔴US100 Caps Gains Following Trump's Comments

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits