Gold Price eyes new multi-week lows as key support fails

France Nouvelles Nouvelles

Gold Price eyes new multi-week lows as key support fails
France Dernières Nouvelles,France Actualités
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Gold Price eyes new multi-week lows as key support fails By eren_fxstreet Gold Metals Technical Analysis Commodities

Focus shifts to US data

Investors await the May ISM Manufacturing PMI. The US economic docket will feature April Construction Spending and JOLTS Job Openings data as well. Finally, the US Federal Reserve will release its Beige Book. In case the 10-year US T-bond yield manages to build on its weekly gains and push toward 3%, gold could find it difficult to attract buyers. It's also worth noting that the Federal Reserve Bank of St.

into a range that could restrict growth if inflation were not moving down significantly at that point. In turn, the benchmark 10-year US T-bond yield is already up more than 4% this week, forcing gold to lose interest. US Dollar Index , which closed the previous two weeks in negative territory, is already up 0.8% since Monday above 102.00. The ISM manufacturing PMI survey's Prices Paid component is forecast to rise to 86.2 in May from 84.6 in April. A stronger-than-expected increase in input prices could dampen hopes of a steady decline in inflation and allow the dollar to continue to gather strength. In such a scenario, XAUUSD could extend its weekly slide.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

FXStreetNews /  🏆 14. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Gold Price Forecast: XAU/USD finds bids below $1,850, consolidation looks likely ahead of US NFPGold Price Forecast: XAU/USD finds bids below $1,850, consolidation looks likely ahead of US NFPGold Price Forecast: XAU/USD finds bids below $1,850, consolidation looks likely ahead of US NFP By Sagar_Dua24 Gold XAUUSD Fed DollarIndex NFP
Lire la suite »

Gold Price Forecast: XAU/USD steady above the 20-DMA above $1850Gold Price Forecast: XAU/USD steady above the 20-DMA above $1850Gold spot (XAU/USD) advances during the New York session amid thin liquidity conditions, courtesy of the observation of the Memorial Day in the US, me
Lire la suite »

Gold Price Analysis: XAU/USD bears are moving in from a weekly 38.2% Fibo resistanceGold Price Analysis: XAU/USD bears are moving in from a weekly 38.2% Fibo resistanceAt $1,839.80, the gold price is down by some 0.85% on the day as the US dollar attempts to correct from the lowest levels since the last trading week
Lire la suite »

AUD/USD Price Analysis: The bulls are up against a firmer US dollar in TokyoAUD/USD Price Analysis: The bulls are up against a firmer US dollar in TokyoAs per the pre-open analysis at the start of this week, AUD/USD Price Analysis: Bulls move into a critical area on H4 charts, eye a run to the 0.7250/
Lire la suite »

U.S. Home Price Inflation Accelerates for Fourth Straight Month to New Record PaceU.S. Home Price Inflation Accelerates for Fourth Straight Month to New Record PaceHome prices continued to stampede upward in March, picking up pace for the fourth straight month, a popular barometer of the housing market showed Tuesday.
Lire la suite »

Merchant Mariners honored with Congressional Gold MedalMerchant Mariners honored with Congressional Gold MedalU.S. Merchant Mariners of World War II were honored with a Congressional Gold Medal at...
Lire la suite »



Render Time: 2025-03-16 18:10:34