Gold Price News and Forecast: XAU/USD’s retreats from one-week tops, on the defensive below $1810 level
|Gold Price Analysis: XAU/USD remains confined in a range above 200-hour SMA
Gold seesawed between tepid gains/minor losses through the mid-European session and was last seen trading in the neutral territory, around the $1810 region.
A goodish US dollar rebound from six-week lows was seen as a key factor that capped gains for the dollar-denominated commodity. However, a turnaround in the risk sentiment extended some support to the safe-haven XAU/USD and helped limit the downside. Read more...
Gold Price Analysis: XAU/USD retreats from one-week tops, on the defensive below $1810 level
Gold struggled to preserve modest intraday gains to one-week tops and was last seen hovering near the lower end of its daily trading range, just below the $1810 level.
The precious metal gained some traction during the early part of the trading action on Tuesday and built on the recent strong rebound from multi-month lows, around the $1760 region. The uptick was supported by a softer tone surrounding the US dollar, which tends to benefit the dollar-denominated commodity. Read more...
Gold Price Analysis: XAU/USD sees strong support around $1765 –" Standard Chartered
Gold (XAU/USD) has struggled in recent days following the latest surge in US Treasury yields. Analysts at Standard Chartered see strong support for the yellow metal at $1765 followed by the $1690 mark.
“Bond yields are unlikely to drive further gains in gold. The Fed will likely welcome the rise in inflation expectations under its Average Inflation Targeting framework. This means a further rise in real yields could be harder to come by.” Read more...
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