Spot Gold trades at around $2,500 a troy ounce, static in a dead American session.
XAU/USD Current price: $2,500.86 A holiday in the United States and Canada keeps mayors within familiar levels. US employment data and the Bank of Canada decision stand out this week. XAU/USD under near-term selling pressure after posting a fresh two-week low. The United States and Canada celebrate Labor Day, meaning local markets are closed. XAU/USD started the week falling to $2,489.92, its lowest in two weeks, trimming losses during European trading hours.
XAU/USD short-term technical outlook The daily chart for XAU/USD shows it has posted a lower high and a lower low, which is usually a sign of persistent selling pressure. Nevertheless, the same chart shows technical indicators hold within positive levels with modest bearish slopes, limiting the bearish potential.
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