XAUUSD: ISM Manufacturing PMI

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Market participants are eagerly anticipating the release of the US ISM Manufacturing Purchasing Managers Index (PMI) data during the North American session, as it could provide clarity and guidance for XAU/USD. Additionally, several significant reports will be published later this week, including the JOLTS Job Openings report, ADP Private Employment figures, Weekly Jobless Claims data, and Unit Labour Cost statistics. However, the highlight of the week will undoubtedly be the US Nonfarm Payrolls (NFP) report. These various data releases have the potential to impact USD price dynamics and influence short-term trading opportunities surrounding gold prices. Furthermore, ongoing developments in Sino-US relations continue to command attention from market participants.

Gold remains under pressure below $1,960, US ISM PMI eyed