Today on Gold: XAUUSD

The ISM PMI (Institute for Supply Management Purchasing Managers Index) is a key economic indicator that can significantly impact XAU/USD (gold). Generally, when the ISM PMI is higher than expected, it indicates economic strength, which can strengthen the USD and put downward pressure on gold prices. Conversely, a lower-than-expected PMI suggests economic weakness, potentially weakening the USD and driving gold prices higher.

For today, if the ISM PMI is reported to be strong, it could lead to a bearish outlook for XAU/USD, as investors might favor the dollar.