After a good first session of the week, Gold yesterday fell sharply again from 1967 to 1942 even though PMI data and job openings were worse than forecast, which did not support Gold's gain.
The USD received support at the start of the week after a survey from the Federal Reserve showed US banks reported tighter signal standards and lighter borrowing demand in the second quarter. This news shows that rising rates are having an impact on the US economy, hitting risk sentiment.
Fed Chairman Jerome Powell has clearly emphasized the importance of upcoming economic data to policy decisions from the Fed, especially non-farm data this weekend, to see if it holds true. for a Labor market is still tight to me or not.
Today we have ADP payrolls, the forecast is showing a much lower number of new jobs in July. This could be a support factor for Gold today