Gold Price Forecast: XAU/USD continues to juggle above $2,020 as investors await US Employment data Gold XAUUSD Fed Employment PMI
Automatic Data Processing Employment data for more clarity over the labor market condition.
On the economic front, US ADP Employment data will remain in the spotlight, which is expected to decline to 200K from the former release of 242K. Contracting manufacturing activities in the US economy and lower Job Openings indicate that firms have slowed their hiring process considering the bleak. Also, the street is anticipating a sudden pause in the policy-tightening spell by the Federal Reserve .
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