Gold Price Forecast: No New Highs Despite USD Weakness
Gold prices are lower than where they were last week, even as US Treasury yields have settled and the US Dollar has dropped.
Source: dailyfx.com
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Gold Price Forecast: Difficult to Trust the Rally
Gold prices have clawed back their sharp losses on the first trading day of 2022, and are effectively unchanged on the week.
Source: dailyfx.com
Crude Oil Price Forecast: Fading Omicron Concerns Buoy Outlook
Consensus has formed that the COVID-19 omicron variant won’t weigh significantly on global growth, an important development for energy markets.
Source: dailyfx.com
Gold Price Forecast: Bullish Impulse Fading - Levels for XAU/USD
Last week’s bullish outside engulfing bar isn’t producing much by way of upside for gold prices.
Source: dailyfx.com
Crude Oil Price Forecast: Omicron Fuels Weakness in Energy Markets
Growth concerns around the omicron variant are provoking a burn off in oil prices.
Source: dailyfx.com