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Gold Prices Inch Closer to Confirming Top, US Bank Earnings Eyed

From dailyfx.com

Gold prices marked time Friday, tied down as Treasury bond yields and the US Dollar diverged again. Rates rose while the Greenback fell as JPMorgan reported first-quarter results that topped analysts’ forecasts, boosting risk appetite. That sent yields higher, sapping the appeal of non-interest-bearing assets like the yellow metal. The risk-on mood translated into diminished haven demand for the global reserve currency however, making anti-fiat alternatives appear attractive by comparison.Crude oil prices initially rallied alongside stocks after JPMorgan earnings data crossed the wires but soon changed course, ... (full story)

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  • Category: Fundamental Analysis