XAU/USD is holding on the top end after hitting fresh five-month highs last week, just inches away from the $2,000/ounce key price level. Gold momentu
Spot Gold is cycling the midrange after an early Monday dip towards $1,960. XAU/USD kicked off the new trading week near $1,981. $1,980 is proving too difficult of a level to hold above with thin market action for Monday.
US Purchasing Manager Index figures drop on Tuesday, with the Manufacturing and Services components both expected to see minor declines; Wednesday sees a speech from Fed Chairman Jerome Powell, who will be delivering opening remarks when the Moynihan Lecture in Social Science and Public Policy kicks off in Washington, DC; Thursday sees an advance reading of US Gross Domestic Product, with the annualized third quarter seen expanding from 2.1% to 4.
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