Gold Price Forecast: XAU/USD faces resistance around $1,960 as US banking jitters ease, Yields soar Gold XAUUSD Fed YieldCurve RiskAppetite
Appeal for Gold and US government bonds as safe-haven amid US banking jitters has trimmed dramatically.Gold price is juggling below $1,960.00 in the early Asian session. The upside for the Gold price seems restricted as fears of thebanking debacle have eased. Therefore, investors have liquidated their positions in Gold and US government bonds, which were considered safe-haven amid banking jitters.
On Monday, First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank . The news came after Bloomberg reported that US authorities are looking to expand the emergency lending facility for small banks amid turbulent times. Back-to-back supportive headlines for the US banking system infused confidence among the market participants.
Meanwhile, S&P500 futures are showing nominal gains after a bullish Monday on hopes that US banking recovery will be faster and chances of banking turmoil like the 2008 financial crisis are extremely lower. Easing US baking jitters impacted the demand for US government bonds heavily. This led to a perpendicular rise in 10-year US Treasury yields to 3.54%. has corrected to near 102.83 as hopes for a sooner conclusion of the rate-hiking spell by the Federal Reserve are escalating.
Fed Governor Philip Jefferson cited on Monday, “Inflation ‘should fall back’ toward the Fed's 2% target as higher interestdiscourage spending in interest-rate sensitive sectors of the economy like housing,” as reported by Reuters. He further added, would like to say inflation will return to 2% soon, but have to avoid damaging the economy ‘any more than is necessary’.
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 retraces from $2,000 mark on the ease of financial tensionThe XAU/USD exchange rate experienced a dip from the $2,000 mark as US authorities reassured investors of their strong commitment to addressing any po
Lire la suite »
Gold Price Forecast: XAU/USD sellers approach $1,955 confluence as yields rebound amid banking, growth jittersGold Price Forecast: XAU/USD sellers approach $1,955 confluence as yields rebound amid banking, growth jitters Gold XAUUSD YieldCurve RiskAversion Inflation
Lire la suite »
Gold Price Forecast: XAU/USD skids below $1,980 as upbeat US PMI figures strengthen hawkish Fed betsGold price (XAU/USD) has shifted its auction below $1,980.00 in the early Asian session. The precious metal is not showing any signs of a rebound, the
Lire la suite »
Gold Price Forecast: XAU/USD to settle above $2,000 if the Fed show willingness to cut rates – TDSGold traded briefly above the $2,000 level last week. Strategists at TD Securities analyze the conditions to see XAU/USD to see a sustained break abov
Lire la suite »
Gold Price Forecast: Wild gyrations in rates markets unlikely to spark a change in trend for XAU/USD – TDSWild whipsaws in rates markets associated with banking stress newsflow have weighed on Gold prices to start the week. However, the trend for the yello
Lire la suite »
Gold Forecast: Gold Markets Hesitate at Large Round FigureGold markets experienced back and forth trading during Friday\u0027s session, hovering around the $2000 level.
Lire la suite »