Gold Price Forecast: XAU/USD under pressure as US dollar stabilizes

Gold Price Forecast: XAU/USD under pressure as US dollar stabilizes

From fxstreet.com

The price of gold in Asia is under pressure as the US dollar stabilises following a series of down days for the greenback. XAU/USD is trading around $1,820 and down some 0.1% while the DXY index attempts to correct from the depths of the late December to YTD sell-off. The US dollar, as measured by the DXY index, sold off from 96.90 to a recent low of 94.66. In as many weeks, XAU/USD has climbed over 4%. However, in what could be more of a technical move, the yellow metal had failed to capitalise on the fall of US yields and the greenback on Thursday. DXY dropped 0.4% and the US 10-year yield was down 2.5bps at ... (full story)

Let's go DXY....rise baby rise!!!

For short it is time where gold supply to 1805

- Older Stories
Gold price has 'innate ability to rally when consensus is bearish' – MKS
From kitco.com|Jan 13, 2022
Gold's top three drivers in 2022 are inflation, the Federal Reserve, and stock market volatility, according to MKS PAMP GROUP outlook for the year. "We do not hold the view of ...
Blackrock: Central Banks Are Trapped As They Can't Fight Supply-Driven Inflation
From zerohedge.com|Jan 13, 2022
Back in September, when the Fed was still lying to itself and to the people that inflation was "transitory", yet when the first hints the Fed would have to tighten soon emerged, ...
Argentina seeks $10 billion in mining exports by 2030
From mining.com|Jan 13, 2022
Argentina’s government is increasing efforts to attract foreign investors to its mining sector and boost the country’s metals and minerals output as a March deadline to ...

- Newer Stories
How electric cars will move from niche to disruptor
From woodmac.com|Jan 13, 2022
Electric vehicles sales shot the lights out in 2021, surpassing all expectations. Is this the long-awaited sign of accelerating disruption in transportation? I asked Ram ...
The US Dollar Is Dropping Sharply, Lifting Global Stocks and Commodity Plays
From tradestation.com|Jan 13, 2022
All of a sudden, weak-dollar trades are working. At least 26 foreign-country exchange-traded funds are outperforming the S&P 500 and Nasdaq-100 so far this year, according to ...
The US bill to impose sanctions on the Nord Stream 2 pipeline has failed
From forexlive.com|Jan 13, 2022
It need 60 votes to pass but did not, ended at 55-44. The vote went for 65.5 hours in the US Senate.Senate Blocks Sanctions Aimed at Stopping Nord Stream 2 Pipeline ...