The softer US Initial Jobless Claims data relieve some pressure off the gold prices amid concerns that the Fed will start a reduction in its bond-purchasing program.
However, cautious sentiment ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium probes the gold prices of late.
Furthermore, Blast at Kabul airport and reports of two or three US officials being hurt raised worries of the US response to the Taliban.
Amid these plays, the US 10-year Treasury yields remained indecisive around 1.34% but Wall Street snapped a five-day uptrend.
Moving on, the US data, like the Core PCE Price Index for July, will join the risk catalysts to entertain gold traders.
Should the yellow metal crosses $1,811 on a daily closing basis, a clear run-up towards $1,835, surrounding multiple levels marked since mid-July, can’t be ruled out.
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The US Dollar Index , which tracks the greenback performance against its six major rivals, trades at 93.07 with 0.26% gains amid general risk-on mood.
Ethereum reserves on centralized exchanges have plunged to 18.98 million, and inflows have substantially reduced, leading to a supply shock.
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