Gold Price Outlook: Awaiting Breakout as Support Holds for Now
Gold Price Outlook: Awaiting Breakout as Support Holds for Now 2021-01-13 12:00:00 Justin McQueen, Analyst Fed’s Powell and Brainard to Downplay Fed Taper Talk Gold Technical Outlook Remains Weak Gold Price Outlook: Eyes on the Yield Yesterday’s strong US treasury auction may have put a short-term top in US yields as US 10s pullback from a high of 1.18%. In turn, US real yields have also halted its climb, which has been among the key directional factors for the precious metal. Keep in mind, that gold and real yields are highly correlated (30-day correlation at -0.78), indicated by the gra...
Source: dailyfx.com