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North American Morning Briefing: Stock Futures -2-
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May 2021 Coincident Indices Generally Show Strong Growth
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5/25/2021 8:55:47 AM GMT | By Anil Panchal
Gold trims Asian session losses but still in the red for second consecutive day.
US Treasury yields remain depressed for fourth day, inflation expectations recover.
Fedspeak defends easy money policies despite disagreement over inflation fears.
US data, Fed remain as the key catalysts.
Update: Gold extended its directionless price move for the third consecutive session and remained confined in a range around the $1,880 level, or just below multi-month lows touched last week. Investors have been scaling back their expectations for an earlier than anticipated Fed lift-off amid easing fears about runaway inflation in the US. This was evident from the ongoing decline in the US Treasury bond yields, which was seen as a key factor that acted as a tailwind for the non-yielding gold.
Gold Price Analysis: XAU/USD remains confined in a range below multi-month tops
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