Gold Price Forecast: XAU/USD's fate is in the hands of the US dollar bulls and NFP By ross_burland Gold Technical Analysis Fed DollarIndex NFP
ng. Gold fell from a high of $1,909.82 as the US dollar rebounded on Thursday, moving in on the 20-year highs reached last week, as per the DXY index.
However, the traders have now sold the euro which has propelled the greenback higher again. Weak German data showing that industrial orders in March suffered their biggest monthly drop since last October and the Ukraine crisis tensions are weighing on risk sentiment in the ''A strong payrolls report could perversely push the market to price in more tightening as the Fed reduced its optionality at its most recent meeting,'' analysts at TD Securities said.
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