Gold price trades in positive territory for a consecutive day on Tuesday amid the softer USD. A downbeat US jobs data for April prompted speculation of potential rate cuts by the Fed in the coming months. Investors will keep an eye on Fed’s Kashkari’s speech later on Tuesday. Gold price extends its recovery on Tuesday.
The key contention level is seen at $2,275, representing a low of May 3 and the lower limit of a descending trend channel. The additional downside filter to watch is a low of April 1 at $2,228, followed by the $2,200 round mark. US Dollar price today The table below shows the percentage change of US Dollar against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.02% 0.02% 0.03% 0.00% 0.15% -0.02% 0.06% EUR -0.02% 0.