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Gold: Hawkish Fed Comments May Cloud the Outlook

From dailyfx.com

Gold prices rebounded modestly early in the APAC trading session as the 10-year Treasury yield pulled back from Friday’s high. Risk appetite appears to be subdued as Chinese and Japanese markets are closed for holidays. Still, the market remained jittery about potential Fed tapering after Robert Kaplan, the president of the Dallas Federal Reserve, said it’s time to start debating a reduction in bond purchases. This came against the backdrop of strong Q1 corporate earnings anda string of robust US economic data. More than 86% of S&P 500 companies have beaten analysts’ forecast so far in the earnings season, ... (full story)

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  • Category: Fundamental Analysis