Gold Price Forecast: XAU/USD prepares for US NFP with a step back to $1,800 – by anilpanchal7 Gold XAUUSD RiskAppetite NFP Fed
Additionally, fears surrounding the slowdown in the Initial Public Offering markets could also be cited as a distant catalyst for the Gold price pullback. “A global slowdown in initial public offerings due to heightened marketand a regulatory cloud over new listings from China has created pent-up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference.”
It’s worth noting, however, that the dovish concerns surrounding the US Federal Reserve’s next move, backed by the downbeat Fedspeak and softer US data, seem to keep the gold bears hopeful ahead of the US employment. Forecasts suggest headline Nonfarm Payrolls is likely to ease with a 200K print versus 261K prior while the Unemployment Rate could remain unchanged at 3.7%.
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