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Price of Gold Fundamental Weekly Forecast - Rising Treasury Yields, Appetite for Risk Should Limit Upside Potential

From fxempire.com

Gold finished slightly lower last week, pressured by a rebound in the U.S. Dollar, a surge in Treasury yields and increased appetite for risk. Early in the week, gold prices were supported by concerns over a slowing global economy and muted U.S. inflation data, but conditions changed after a U.S. report confirmed a strong labor market and China reported better-than-expected trade balance data. Both pieces of information helped dampen concerns over a global economic slowdown, which made gold a less-desirable asset. Last week, June Comex Gold settled at $1295.20, down $0.40 or -0.03%. On the economic front, U.S. ... (full story)

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  • Category: Fundamental Analysis