Gold Price Forecast: XAU/USD retreats from $1,635 as China-linked optimism fails to tame yields
Gold price fades bounce off three-week-old horizontal support. Covid updates from China offered intermediate bounce
Financial and Business News
Gold price fades bounce off three-week-old horizontal support. Covid updates from China offered intermediate bounce
A combination of factors drags gold to a fresh three-week low on Wednesday. Hawkish Fed
Gold has reinforced its “double top.” Strategists at Credit Suisse expect the yellow metal to
Aggressive Federal Reserve rate hike bets as inflation expectations remain high are set to weigh
Gold price fades the week-start recovery, eyes to retest three-week-old horizontal support. DXY licks its
Gold speculators continued to cover some shorts. But in the view of strategists at TD
Gold price remains firmer around intraday high, bounces off 13-day low. IMF’s Gopinath highlights the
Gold price fades upside momentum during the first positive week in three, grinds higher of
Gold price grinds higher during four-day uptrend, eyes first weekly gain in three. DXY pullback,
Gold has failed to build on Wednesday's gains as US yields have reversed back higher.