Gold Price Forecast: XAU/USD bounces off $1,860 support amid Fed, China concerns Gold XAUUSD RiskAppetite China Fed
US Dollar bulls struggle ahead of Fed Chair Powell’s speech.price consolidates the recent losses as it prints mild gains around $1,875 during early Monday, printing the first positive day in three around the one-month low. In doing so, the precious metal cheers the US Dollar’s inability to stay firmer, as well as takes clues from the US-China tussles, ahead of this week’s key events. remains sidelined around 103.00, after posting a two-day rebound from the lowest levels since April 2022.
Amid these plays, S&P 500 Futures extend the previous day’s pullback from the highest levels since August, down 0.30% intraday near 4,140 by the press time. On the same line, the US 10-year Treasury bond yields remain firmer for the third consecutive day, to 3.56% by the press time, following the biggest weekly jump since late September 2022.
The corrective pullback also takes clues from the oversold RSI . However, bearish MACD signals and the inability to cross the 200-SMA hurdle keep Gold sellers hopeful.
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 bears flex muscles as United States Treasury bond yields reboundGold price (XAU/USD) holds lower ground near $1,865, after declining to the fresh one-month low the previous day. The metal’s latest weakness could be
Lire la suite »
Gold Price Forecast: XAU/USD exposes to $1,850 as yields strengthen amid hawkish Fed betsGold price (XAU/USD) has resumed its downside journey after a short-lived pullback to near $1,870.00 in the Asian session. The precious metal is expos
Lire la suite »
Possibly record-breaking cold temperatures hit Northeast: Latest forecastNEW YORK — A dangerous and possibly record-shattering freeze is invading the Northeast.
Lire la suite »
D.C.-area forecast: Still cold today, but back above average for SundayThe worst of the Arctic blast has come and gone. By tomorrow we're moving back into the 50s.
Lire la suite »
Today's Tucson weather forecast: Feb. 4Get a glimpse of what the weather in Tucson will be like today:
Lire la suite »