Gold Price Forecast: XAU/USD recovers from daily lows amid USD weakness XAUUSD Gold Commodities Metals
XAU/USD cleared daily losses and jumped to the $1,925 area after finding support at a low of $1,912.Traders will closely watch US inflation data on Wednesday.
Meanwhile, the US bond yields, which could be seen as the opportunity cost of holding Gold, declined across the board. The 2-year bond yields 4.86%, while the 5 and 10-year rates stand at 4.23% and 4%, respectively. That being said, according to the CME FedWatch tool, investors have already priced in a 25 basis point hike for the next Fed meeting, and the odds of another increase for this year stand around 40%.holds a neutral to bullish stance for the short term.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Gold Price Forecast: XAU/USD holds above $1,920, eyes on Chinese dataGold price gains some traction and holds above $1,920 during an early Asian session on Monday. The weaker-than-expected US jobs data on Friday dragged
Consulte Mais informação »
Gold Price Forecast: XAU/USD remains on the defensive amid reviving US Dollar demandGold price kicks off the new week on a subdued note and oscillates in a narrow trading band, around the $1,925 region through the Asian session. The X
Consulte Mais informação »
Gold Price Forecast: XAU/USD remains confined in a narrow range above $1,920 levelGold price struggles to gain any meaningful traction on the first day of a new week and seesaws between tepid gains/minor losses through the early Eur
Consulte Mais informação »
Gold Price Forecast: XAU/USD juggles above $1,920 as focus shifts to US InflationGold price (XAU/USD) is demonstrating a non-directional performance after correcting from a weekly high of $1,935.00 in the London session. The precio
Consulte Mais informação »
Gold Price Steadies as US Dollar Under Pressure Ahead of CPI. Where to for XAU/USD?The gold price is poised near US$ 1,930 going into the new week with a US Dollar losing traction despite Treasury yields ticking north. Will real yields play a role in XAU/USD direction?
Consulte Mais informação »
Gold Forecast: Tests Resistance After Non-Farm Payroll DataFriday\u0027s release of the Non-Farm Payroll numbers revealed the addition of 209,000 jobs in the previous month, falling short of the expected 225,000.
Consulte Mais informação »