XAU/USD lacks bullish conviction amid US-Iran impasse, ahead of US jobs data
Gold is attempting a tepid bounce around $4,050, stalling a two-day decline, as markets weigh US-Iran risks and brace for US jobs reports later this week. The US JOLTS Job Openings Survey is in focus.
XAUUSD
Spot gold (XAU/USD) edged higher in Asian trading on Tuesday, hovering near $4,050 per ounce and pausing a two-day slide. The move lacked strong momentum as traders assessed rising tensions between the US and Iran.
Investors are now turning their attention to a series of US labor market updates due this week, starting with the JOLTS Job Openings survey. The data may shape expectations for Federal Reserve policy.
Source: FXStreet Forex News