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Gold Prices Soar Jolted by Weaker-Than-Expected US Job Data Reported for April
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The Inflation Scare Doesn t Match Reality
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GBP/USD Weekly Forecast: Sterling s recovery hinges on top-tier UK data, further Fed speculationANALYSIS |
4/16/2021 3:20:39 PM GMT
GBP/USD has managed to edge higher amid the UK reopening and dollar weakness.
UK jobs, inflation and other figures are set to rock the pound.
Mid-April s daily chart is painting a mixed technical picture for the currency pair.
The FX Poll is pointing to a bearish move in the short term and a bullish turn afterward.
Brits are back to the pubs after 97 dry days, and this great British reopening has been one of cable s boosters, alongside inflation-related dollar weakness. Apart from covid news, GBP/USD is set to rock in response to a series of top-tier UK data points.
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Gold Weekly Forecast: XAU/USD could target $1,800 if US T-bond yields push lowerANALYSIS |
4/16/2021 4:47:50 PM GMT
Gold registered its largest weekly gain of 2021.
XAU/USD could target $1,800 with a daily close above $1,785.
Gold continues to react to movements in US Treasury bond yields.
The XAU/USD pair spent the first half of the day in a relatively tight range below $1,750 but rose sharply on Thursday amid a steep decline witnessed in the US Treasury bond yields. Gold managed to preserve its bullish momentum ahead of the weekend and advanced to its highest level since late February at $1,783 on Friday. On a weekly basis, the precious metal posted its largest percentage gain since December, nearly 2%.
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