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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Gains Ground As Dollar Moves Away From Yearly Highs
Gold continues to rebound as traders focus on U.S. dollar’s pullback and falling Treasury yields. U.S. dollar moved lower against a broad basket of currencies as traders reacted to the Michigan Consumer Sentiment report. The report indicated that Consumer Sentiment increased from 44.8 in May to 49.5 in June, compared to analyst forecast of 50. Importantly, year-ahead inflation expectations decreased from 4.8% in May to 4.6% in June. Inflation expectations remain elevated. Treasury yields pulled back as traders focused on the strong sell-off in the oil markets. The yield of 2-year Treasuries declined below the 4.10% ... (full story)
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From investinglive.com | 31 hr ago
Gold fell briefly below the 4,000 level on Wednesday but couldn’t extend the losses further as we started to see pullbacks in real yields and the US dollar. It looks like we have reached the peak in the hawkish repricing, and the next leg will need upside surprises in the US NFP and US CPI reports. Fed’s Williams yesterday reiterated that the current policy ...
From fxpro.news | 25 hr ago
Gold is rebounding at the end of the week after a correction in the odds of two key Fed rate hikes this year. Nevertheless, the price is falling for the fourth consecutive week. Since the second half of the week, bears have been relentlessly trying to push the price below the psychologically significant $4,000 mark but eased their grip on Friday afternoon. ...
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- Jun 26, 3:31pm | 24 hr ago Posted byTechnical Analysis71
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