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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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- Jun 26, 3:31pm | 25 hr ago Posted byTechnical Analysis73
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