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Gold Price Forecast: XAU/USD Week Ahead as Fed Decision, NFP and Middle East Risks Take Centre Stage
With geopolitical tensions, central-bank policies and higher bond yields once again dominating markets, gold (XAU/USD) ended the final week of July around $4,050 an ounce. As the conflict in the Middle East heated up last week, gold initially rallied, only for gains to be whittled away following a surge in Brent crude prices to above $100 a barrel and consequently higher bond yields and the US dollar. Despite the retreat, gold was well clear of the $4,000 psychological level, supported in part by persistent central-bank buying and safe-haven appeal. Next week’s Federal Reserve meeting and US jobs report, alongside ... (full story)
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From fxempire.com | 1 hr 2 min ago
Spot gold closed higher last week. Brent crude pulled back from above $100 and Treasury yields eased from their highs. The gain came late Friday on dip buying and short-covering but the rally stalled well short of the levels that would signal a turn. The FOMC on Wednesday and Thursday’s PCE report are sitting directly in front of a market that has dropped ...
From exchangerates.org.uk | 23 hr ago
MUFG believes gold remains well supported despite higher US Treasury yields, arguing that persistent geopolitical tensions are generating enough safe-haven demand to offset the headwinds from a more hawkish interest-rate outlook. The price of Gold in US dollars (XAU/USD) traded around $4,100 on Friday after extending its rebound from recent lows below ...
Sovereign bond yields have risen sharply in recent days — not only in the United States, but also in Japan, the United Kingdom and the Eurozone. This is something SriKonomics has repeatedly warned about in past issues. The selloff is all the more striking because it is taking place against a backdrop of slowing global economic growth. And this may be the ...
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- Jul 26, 2:47pm | 2 hr 9 min ago Posted byFundamental Analysis60
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