Description
Gold (XAU/USD) rallied sharply on Monday, with December futures gaining $70.70 despite rising U.S. real yields. But the rebound may reflect short covering rather than a sustained bullish reversal, leaving the critical $4,000 resistance level in focus.
This gold price forecast examines persistent inflation, restrictive Federal Reserve policy and the risk of renewed selling pressure. With JOLTS and Friday's U.S. jobs report approaching, can gold sustain its recovery?
For the full article:
https://www.fxempire.com/forecasts/article/gold-mondays-advance-faces-a-fresh-test-from-u-s-labor-data-1642243/
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