”The data was at odds with record numbers of jobs vacancies and we’d be cautious in reading too much into the number ahead of Friday’s payrolls data.
After moving up and down in a relatively narrow range above $1,800 and closing flat on Monday and Tuesday, the XAU/USD pair gained traction and jumped to a daily high above $1,830.
While speaking at an online event hosted by the Peterson Institute for International Economics, Clarida noted that he would support announcing a moderating in the Fed’s asset purchases later this year.
On Thursday, Goods Trade Balance and Initial Jobless Claims reports will be featured in the US economic docket.
Despite the sharp fluctuations witnessed on Wednesday, gold’s near-term technical outlook remains neutral with a slight bearish bias given the fact that buyers failed to hold the price above the 200-day SMA.
On the upside, the 200-day SMA continues to act as dynamic resistance around $1,820.
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The UK Markit Services PMI printed at 59.6 in July, up for the fifth consecutive month.
Dogecoin price is still up 5,830% YoY, despite the 80% correction from the May high.
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