- XAU/USD traded with mild losses on Thursday, near the $1,940 area.
- Lower US yields limit the yellow metal´s downside potential.
- Strong NFP’s on Friday may give US yields a boost.
On Thursday, Gold price slightly decreased as the recovery of the USD limited the upside potential. The Greenback found demand as people filing first-time claims for state unemployment insurance decreased at the end of August, while the Personal Consumption Expenditures inflation figures increased, just as expected. Markets are cautious ahead of critical Nonfarm Payrolls (NFPs) from August that will be released on Friday.
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