The XAU\/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.
The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices towards $1,5060s.
Gold versus the US dollar slightly advances during the New York session, trading at $1,809.01, and thin liquidity conditions kept the market sentiment fluctuating between gainers and losers to conclude; the precious metal managed to rise despite broad US dollar strength
The US 10-year Treasury yield is flat, clinging to the 1.484% threshold, a tailwind for the non-yielding metal vs. the US dollar. At the same time, the US Dollar Index, which tracks the American currency\u2019s value against a basket of its rivals, climbs some 0.15%, up to 96.17, staying above the 96.00 figure for the second consecutive week.
In the meantime, US Real-yields as of December 23 sit at -1.47%, flat following the footsteps of the US 10-year T-bond yield.
In the overnight session, the yellow-metal remained subdued in a $1,802-$1,812.40 narrow-range, at the lack of a catalyst, as the financial markets enter the last week of the year. Depicted by the 1-hour chart, XAU\/USD\u2019s downward move was capped by the double-zero psychological level and the 50-hour simple moving average (SMA), which lies around $1,807, pushing the non-yielding metal to current price levels.<\/p>\n","protected":false},"excerpt":{"rendered":"
The XAU\/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices towards $1,5060s.Gold versus the US …<\/p>\n","protected":false},"author":13,"featured_media":54351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[7603,8147,8368,6984,8367],"class_list":["post-57472","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-gold-prices","tag-liquidity","tag-transmissibility","tag-treasury-yields","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=57472"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57472\/revisions"}],"predecessor-version":[{"id":57476,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57472\/revisions\/57476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54351"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=57472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=57472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=57472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}