![[Forecast] Key Events for XAU/USD this week](https://socialstatic.fmpstatic.com/social/202508/3fd0999dcf33e57d3b4bc0fb89afabc7acf0c898.png?x-oss-process=image/resize,w_1280/quality,q_70/format,jpeg)
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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Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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