Gold Prices Surge as US Job Growth Slows Sharply in October
Gold prices rose on Friday.
Sharp Slowdown in US Job Growth Fuels Gold Price Rally
US job growth slowed to 128,000.
Expert Trading Tips and Analysis for Gold, Silver, Crude Oil, and Natural Gas
Expert Trading Tips and Analysis for Gold, Silver, Crude Oil, and Natural Gas
- Gold Trading Tips: Consider buying gold futures.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Consider buying on dips.
- Crude Oil Trading Tips: Monitor oil supply.
- Natural Gas Trading Tips: Track weather forecasts.
Key Market Data:
- Gold prices rose 1.2% to $1,514/oz
- US unemployment rate rose to 3.6%
- US non-farm payrolls increased by 128,000
Market Outlook:
The current market sentiment is bullish for gold.
Technical Analysis: Gold Prices
- Support levels: $1,500, $1,480
- Resistance levels: $1,520, $1,540
What’s Next for Gold Prices?
Investors await Federal Reserve decisions.
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