Gold Price Forecast: XAU/USD clings to modest gains below $1,820, looks fragile By eren_fxstreet Gold Metals Commodities Technical Analysis
10-year US Treasury bond yield continues to rise toward 2%.Gold lost 0.3% on Tuesday and seems to have gone into a consolidation phase during the first half of the day on Wednesday.was last seen rising 0.2% on the day at $1,817 and investors remain focused on US Treasury bond yields.
has already erased the majority of the losses it suffered last week. In case the 10-year yield rises above the key 2% mark, the dollar could continue to find demand and trigger another leg lower in XAU/USD.but these data are unlikely to cause a noticeable market reaction.Gold continues to trade above the 100-period SMA on the four-hour chart, which is currently located near $1,810, suggesting that sellers remain on the sidelines for the time being.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: Poised to resume its decline amid inflation concernsGold fell to an intraday low of $1,805.74 a troy ounce as the greenback firmed up through the European session, following US Treasury yields soaring
Read more »
Gold (XAU/USD) Slips Lower, Rattled by Soaring US Treasury YieldsUS Treasury yields jumped overnight with the interest-rate sensitive 2-year printing a fresh 23-month high of 1.05%, while the benchmark 10-yearhit 1.83%, a level last seen in January 2020. Get your market update from nickcawley1 here:
Read more »
Gold Forecast: Markets Steady During HolidayGold markets were steady on Monday as it was Martin Luther King Jr. Day in the United States, which wiped out quite a bit of the liquidity.
Read more »
Gold Forecast, News and Analysis - FXStreetCheck our updated for Gold News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News
Read more »
How the U.S. fell behind in lithium, the 'white gold' of electric vehiclesThe U.S. used to be a global leader in lithium production, but now has fallen way behind. Several domestic projects are in the works, but will it be enough?
Read more »