The previous week was one of the worst for gold prices in 2022, and the next economic news may bring little relief. With major central banks continuing to raise interest rates and inflation prospects declining, the situation for gold prices remains challenging.
Written by: Winona Grant
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As the US dollar strongly recovers, the gold price loses up its recovery gains. The USD is supported by risk aversion before the crucial US NFP. XAUUSD continues to get closer to $1,700.
Written by: Winona Grant
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The majority of traders are more concerned with the path of U.S. interest rates and the U.S. Dollar than they are with low pricing.
Written by: Winona Grant
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Gold prices plunged again during the trading day on Wednesday, as we continue to observe huge gains in the US dollar.
Written by: Winona Grant
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The gold price is hanging at $1,800.00, and a decline is imminent as the DXY recovers. Fed Powell cannot provide an assurance that the inflation rate would fall to 2 percent. On the ISM PMI front, investors anticipate a lackluster showing.
Written by: Winona Grant
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The decline in Treasury rates is an indicator that some speculators are banking on a recession. However, we do not observe the similar betting activity on the gold market.
Written by: Winona Grant
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The price of gold rose but continues to consolidate. Treasury yields decreased. Fed Chair Powell gave his semiannual speech on Capitol Hill.
Written by: Winona Grant
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Monday’s gold markets originally attempted to advance, but the Juneteenth holiday in the United States had a negative impact on liquidity.
Written by: Winona Grant
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