[Forecast] Key Events for XAU/USD this week

Here are the key events that could impact XAU/USD this week: See full calendar (4-8 August 2025) from Followme Official Account here 

📍 Tuesday, August 5, 2025
🕙 10:00 ET – ISM Non-Manufacturing PMI (Jul)
➡️ Previous: 50.8 | Forecast: 51.5
📉 PMI trending upward = economic growth = bearish for gold
🕙 10:00 ET – ISM Non-Manufacturing Prices (Jul)
➡️ Previous: 67.5
🔥 Elevated prices = sticky inflation = bearish for gold

📍 Thursday, August 7, 2025
🕣 08:30 ET – Initial Jobless Claims
➡️ Previous: 218K | Forecast: 221K
📈 Higher claims = weaker USD = bullish for gold
🕐 13:00 ET – 30-Year Bond Auction
➡️ Previous Yield: 4.889%
💵 Higher yields = stronger USD = bearish for gold

Chaucer’s Trading Insight for XAU/USD from 4th-8th August 2025
Gold is walking a tightrope this week. A stronger PMI and robust bond demand could pressure Gold prices lower
But if jobless claims spike or ISM data disappoints, expect a bullish reaction in XAU/USD.
📈 Long-term outlook remains bullish, but short-term volatility is likely.
📌 Watch the $3,335–$3,400 range as traders digest these releases.

What's your thought? Share it in the comments! 
I will create a forecast on XAU/USD weekly, so make sure you followme @Chaucer for next update. 

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