forecasts
Price of Gold Fundamental Daily Forecast – Firmer Yields Weighing on Prices Ahead of ADP Jobs DataToday’s ADP Non-Farm Employment Change Report could move the gold market lower if the number comes in well above the 202K forecast.
Mar 03, 2021 12:12 PM GMT
Firming U.S. Treasury yields are keeping pressure on gold futures prices on Wednesday. Despite yesterday’s promising technical chart pattern, the market is currently poised to post its sixth lower session in seven. The catalysts behind the rise in Treasury yields are increasing expectations for further fiscal stimulus.
At 11:42 GMT, April Comex gold futures are trading $1720.10, down $13.50 or -0.78%.