Gold Price News and Forecast: XAU/USD investors might also refrain from placing bets ahead of NFP on Friday
|Will you go up, gold?
Biden asked Trump to shut up during the first presidential debate. But for us, the most important question is whether gold will finally go up.
Thankfully, the first U.S Elections debate between Donald Trump and Joe Biden is behind us. Arguably, it was awful to watch and one of the worst presidential debates in history, as both candidates talked over each other and threw insults. Consequently, the debate did nothing to alter the Presidential race dynamic nor educate the public about the candidates.
Gold moves beyond $1900 mark, over one-week tops
Gold extended its steady intraday positive move and shot to over one-week tops – levels beyond the key $1900 barrier – during the early North American session.
The regained positive traction on Thursday and built on this week's goodish rebound from 100-day SMA support, around the $1849-48 region. The uptick marked the third day of a positive move in the previous four and was sponsored by a softer tone surrounding the US dollar, which tends to underpin demand for the dollar-denominated commodity.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.