Gold Price Forecast: XAU/USD bears flex muscles around $1,990 as clues for US GDP loom Gold XAUUSD Commodities GDP RiskAversion
so, the XAU/USD struggles amid cautious optimism in the market, as well as anxiety ahead of a key clue for the United StatesWhile portraying the mood, S&P 500 Futures rises half a percent while paring the biggest daily loss in a month, backed by upbeat tech earnings released late Tuesday. Additionally, the US 10-year Treasury bond yields prod a two-day downtrend while the US two-year bond coupons remain pressured.
Previously, fresh banking fears, triggered through the First Republic Bank , joined the US debt ceiling talks and mixed US data to prod theMoving on, the US Durable Goods Orders for March, expected to improve to 0.8% versus -1.0% prior, will join the market’s risk appetite and the US Dollar moves to determine short-term XAU/USD performance ahead of the US Q1 GDP.Gold price fades upside momentum within a one-week-old symmetrical triangle, currently between $2,001 and $1,977.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD trading flat, poised for potential gains amid light US economic agendaGold Price Forecast: XAU/USD trading flat, poised for potential gains amid light US economic agenda – by christianborjon Gold XAUUSD Commodities Metals
Read more »
Gold Price Forecast: XAU/USD approaches $2,000 amid downbeat United States Treasury bond yields, US DollarGold Price Forecast: XAU/USD approaches $2,000 amid downbeat United States Treasury bond yields, US Dollar Gold SEO XAUUSD RiskAppetite YieldCurve
Read more »
Gold Price Forecast: XAU/USD volatile, between stronger Dollar and lower Treasury yieldsGold price rebounded sharply during the last hour, rising more than $10. XAU/USD bottomed at $1,975 and then jumped to $1,994. As of writing, it trade
Read more »
Gold Price Forecast: XAU/USD surges to weekly high above $2000 amidst deteriorating risk appetiteGold Price Forecast: XAU/USD surges to weekly high above $2000 amidst deteriorating risk appetite – by christianborjon Gold XAUUSD Commodities Metals
Read more »
Gold Price Forecast: XAU/USD bulls attack $2,000 amid banking, United States default woesGold price (XAU/USD) stays on the front foot around $2,000 during a three-day winning streak amid early Wednesday. In doing so, the bright metal benef
Read more »
Gold Price Forecast: XAU/USD 50% mean reversion resistance eyedGold price is robust on Monday as the US Dollar and US Treasury bonds yields fell. Precious metals on Monday recovered from early losses and posted mo
Read more »