Gold price extends the rally despite hawkish Fedspeak

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Gold price extends the rally despite hawkish Fedspeak
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Gold price (XAU/USD) gains momentum on Friday despite the modest rebound in US Dollar (USD).

Gold price edges higher for the second consecutive day on Friday. Weak employment data bolstered the speculation that the weakening economy would force the Fed to cut rates. The hawkish Fed talks could create bearish headwinds for gold. Gold price gains momentum on Friday despite the modest rebound in US Dollar .

US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the Canadian Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.08% 0.06% 0.06% 0.24% 0.22% 0.31% 0.10% EUR -0.06% 0.00% 0.02% 0.15% 0.18% 0.25% 0.04% GBP -0.05% 0.01% 0.01% 0.16% 0.18% 0.24% 0.04% CAD -0.06% 0.00% 0.00% 0.16% 0.18% 0.25% 0.04% AUD -0.24% -0.16% -0.16% -0.15% 0.01% 0.10% -0.12% JPY -0.23% -0.18% -0.20% -0.17% -0.02% 0.06% -0.

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