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Gold Price Forecast: XAUUSD bears eye a break below key $1,750

From fxstreet.com

Gold is flat in the open and straddles the $1,751 level, recently pressured by the US Dollar that made its biggest weekly gain in over a month as investors eyed rising bond yields and continued to make bets on the US Federal Reserve's interest rate hiking path. The US Dollar index DXY, which measures the greenback against a basket of major currencies, was up 0.0.3% at 106.93 and has recovered the losses from when US inflation data triggered the index's sharpest weekly drop since March 2020. Treasury yields were up for the second day in a row on Friday with the 10-year yield yields last at 3.821%. Earlier last week, ... (full story)

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  • Category: Technical Analysis