XAUUSD 2560

Golden Information

Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%.

1. Gold prices fall despite stronger US Dollar amid economic slowdown signs.
   

1. US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief.
   

1. Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473.
   

Price Tag

1. >>2440>>>
2. >>2535>>>
3. >>Short-term up>>2630