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Gold moves away from multi-week low, retakes $1,700 ahead of NFP

*Gold edges higher on Friday and moves away from a multi-week low touched the previous day.

*A modest USD pullback from a two-decade high, retreating US bond yields offer some support.

*Hawkish Fed expectations should cap any meaningful upside ahead of the US jobs data (NFP).

Gold Price Forecast: XAU/USD looks to $1,700 amid Fed rate hike bets – Confluence Detector

*Gold continues losing ground for the second straight day and drops to over a one-month low.
*Strong follow-through USD buying, rising US bond yields continue to weigh on the commodity.
*The risk-off impulse might turn out to be the only factor that might help limit any further losses.

Gold Price Forecast: XAU/USD run-up eyes $1,770 as China favors bulls, focus on Jackson Hole.

Gold price rises for the third consecutive day to refresh weekly top.
Sluggish yields, hopes of less-hawkish central bankers exert downside pressure on DXY.
China’s status as the key XAU/USD consumer favors the metal buyers in times of stimulus.

Gold Price Forecast: XAU/USD slides towards $1,730, US data, Jackson Hole eyed.

Gold price reverses the previous day’s bounce off monthly low.
Sour sentiment weighs on the XAU/USD prices after US data triggered recovery.
Recession, hawkish Fed bets are the key catalysts favoring bears.
US Durable Goods Orders for July, Fed Chair Powell’s speech at Jackson Hole Symposium will be crucial for fresh impulse.