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Gold consolidates the previous day’s losses, refreshes intraday high. Trade jitters battle vaccine optimism, upbeat Fedspeak probe buyers. DXY eases amid
May 24, 2021 03:56 GMTFXStreet News Gold is meeting a critical monthly resistance. Chart of the Week: Gold bears lurking at monthly resistance. Gold Weekly Forecast: XAU/USD could stage a correction before targeting $1,900 Update: Gold (XAU/USD) refreshes intraday high above $1,886, up 0.26% intraday, during early Monday. In doing so, the gold traders keep reins for the eighth consecutive day amid fears of the Fed tapering, especially after Friday’s upbeat PMIs, as well as volatile cryptocurrencies. Additionally favoring the rush to risk safety could be China’s crackdown on commodity tr...
Yesterday's high was 93 degrees, one degree shy of the record! It was also the warmest temperature since Aug. 27, 2020. Today, it's a much different story! Te...
May 24, 2021 11:56 GMTFXStreet News Gold is meeting a critical monthly resistance. Chart of the Week: Gold bears lurking at monthly resistance. Gold Weekly Forecast: XAU/USD could stage a correction before targeting $1,900 Update: Gold price is trading close to the daily highs of $1875, as the recovery in the US Treasury yields weigh. The US dollar attempts a bounce, tracking the renewed uptick in the yields. The greenback also benefits from a cautious risk tone experienced in the European session, which limits the advance in gold price. However, growing concerns over rising inflation and f...
Risk-on mood favors gold buyers amid downbeat US dollar, Treasury yields. Sluggish US data cools down inflation concerns, helps Fed to defend easy money