Gold prices are under pressure on Tuesday following US data and the upcoming Federal Reserve’s decision. The yellow metal broke below the $1780 support and tumbled to $1766, reaching the lowest level since December 3.From the bottom, XAU/USD rebounded to as highs at $1777 and as of writing it is …
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US Treasury yields slid at the close of Monday’s trading, impacted by investors and traders’ anticipation concerning the upcoming decisions by the Federal Reserve Bank.The said anticipation caused risk appetite to retreat across global financial markets. The 10-year US Treasury yield fell to 1.414% from last week’s close of 1.415, …
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The dollar index held onto modest gains by late US trading session on Monday but was well off its highs as Treasury yields slid in the face of falling stocks, while Omicron uncertainties and Fed event risks also loomed over markets.Omicron fears increased after the WHO said the variant poses …
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On Monday, the price of gold started off as investors are eyeing a breakout to test the familiar daily resistance near USD 1815. The yellow metal is higher by some 0.3% and has travelled between a low of USD 1781.89 and a high of USD 1791.65.The start of the week …
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US government bond yields slid lower Friday after data showing the fastest inflation in decades reinforced investors’ expectations for the economy to start slowing next year while the Federal Reserve tightens monetary policy.In recent trading, the yield on the benchmark 10-year US Treasury note was 1.479%, compared with 1.486% Thursday.Core …
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Gold prices rose on Friday, but are heading for a fourth consecutive weekly decline, as investors stay away from big bets ahead of inflation data in the United States that may prompt the Federal Reserve to reduce its bond purchases at a faster pace. Spot gold rose 0.2 percent to …
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Most Treasury yields turned lower on Thursday, as US stocks relinquished some ground following three straight days of gains.Meanwhile, bond investors are awaiting the US November consumer-price index report on Friday and a Federal Reserve policy meeting next week.Treasuries dated three years and out were seeing some modest buying on …
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Gold prices received support from the dollar’s decline to rise Thursday, but the rise in US Treasury bond yields and anticipation of US inflation data and the Fed meeting limited the rise of the non-yielding metal. The price of gold in spot transactions rose 0.2% to $ 1785.78, while US …
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Gold tested its 200DMA above USD 1790 earlier on Wednesday’s session but has since slipped back to the mid-USD 1780.Gold is currently in a wait to see mode ahead of Friday’s key US inflation numbers. The gold Index is trading flat in the New York session near USD 1,784 and …
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Gold prices rose to their highest in a week on Wednesday as the dollar and US bond yields fell and the precious metal received a boost as a safe haven due to tensions related to Ukraine with US consumer price data due later this week. The price of gold in …
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