GOLD PRICE FORECAST: Gold prices rebound heading into the weekend, challenging cluster resistance stretching from $1,920/$1,930 Despite Friday’s recovery, the fundamental backdrop remains challenging for precious metals Next week, all eyes will be on the FOMC announcement Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX
GOLD PRICE FORECAST Gold prices lack directional conviction as the U.S. dollar charges toward multi-month highs. Precious metals retain a somewhat bearish outlook from a fundamental standpoint. This article looks at XAU/USD’s key technical levels to watch in the coming days. Most Read: US Dollar Setups: USD/CAD, USD/JPY, and AUD/USD; Major Tech Levels Identified Gold
GOLD OUTLOOK & ANALYSIS US inflationary pressures keep gold price subdued. Spotlight on US PPI, jobless claims and retail sales. Gold bears seek out $1900 support handle. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold prices remain under pressure this Thursday after yesterday’s US CPI report showed elevated headline inflation
Gold, XAU/USD, Treasury Yields, TIPS, Real Yields, BRIC, Gold Hoarding – Talking Points The gold price stabilised after the US Dollar found some support overnight Rising Treasury yields appear to be driving real yields ahead of US CPI A miss in CPI forecasts might have implications for real yields and XAU/USD Recommended by Daniel McCarthy
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter GOLD PRICE FORECAST Gold advanced on Monday on the back of a weaker U.S. dollar, but gains were limited as traders avoided taking large directional positions ahead of Wednesday’s U.S. inflation data, which
Share: Gold price remains sideways as the market awaits US inflation data for further action. The US Dollar corrects marginally, while the broader bias remains bullish due to US economic resilience. Fed policymakers are expected to maintain the status quo on September 20 as US inflation is falling and the economy is better
Share: Gold price trades sideways amid US Dollar (USD) retreats. Improved US Treasury yields could exert downward pressure on the price of Gold. China’s disinflationary pressures influenced the yellow metal. Gold price trades around $1,920 a troy ounce during the early trading hours in the Asian session on Monday. The precious metal struggles
Recommended by Daniel Dubrovsky Get Your Free EUR Forecast The US Dollar absolutely crushed it against its major counterparts this past week. In fact, the Euro confirmed its 8th weekly loss against the Greenback, matching an identical losing streak back in 2014. A 9th disappointment would mean the longest monthly losing streak since 1997! But,
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Share: XAU/USD closed the week with a 1% weekly decline above the convergence of the 20 and 200-day SMAs. US yields are set to close a 2% weekly increase. Attention shifts to next week’s US CPI and Retail Sales from the US. At the end of the week, the XAU/USD traded with mild
