Gold Price Outlook: XAU/USD, XAG/USD Defeated by Dollar Strength
The gold price has continued to fall while silver has followed. With Dollar strength driving prices lower, technical levels suggest there may be more pain to come.
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The gold price has continued to fall while silver has followed. With Dollar strength driving prices lower, technical levels suggest there may be more pain to come.
FTSE 100 has recorded another record high after extending gains from the BP and Shell profit release. Prices remain supported by psychological support at 7900.
In the wake of higher interest rates and slowing growth, the safe-haven Dollar gained against most major counterparts before losing traction in Q4.
US equity futures have slumped after recent FOMC dashed expectations of a Fed pivot. With SPX sliding from resistance, stock indices remain under pressure.
Dax 40 futures have risen into technical bull market territory after rising 20% from last month’s low. With China’s reopening fueling optimism, Infineon led gains.