XAU/USD consolidates near $1,990 amid improved risk appetite
Finanças XAU/USD consolidates near $1,990 amid improved risk appetite Notícias do Bitcoin Ethereum Gold price gained support as cooling US data signals the Fed to conclude its policy tightening. US Dollar faces pressure after the subdued Nonfarm Payrolls data released on Friday. Improved risk appetite could limit the advance of the precious metal demand. Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure amidst a heightened risk appetite as investors may cast out the precious metal in favor of more risk-driven assets, driven by the belief that the US Fed may not attempt an interest rate hike in the upcoming December meeting. US Dollar Index (DXY) took a notable plunge of more than 1.0% on Friday, influenced by lackluster US Treasury yields following disappointing US labor data. As of now, the 10-year US bond yield is at 4.58%, providing a degree of relief for the prices of the yellow metal. US Bureau of Labor Statistics unveiled the Non-Farm Payrolls (NFP) data for








