Gold prices are barely holding above 1700 after the August US inflation report surprised markets. The US Dollar (via the DXY Index) rebound, alongside higher US Treasury yields and US real yields, is weighing on gold prices.
Historically, gold prices have a relationship with volatility unlike other asset classes. While other asset classes like bonds and stocks don’t like increased volatility – signaling greater uncertainty around cash flows, dividends, coupon payments, etc. – gold tends to benefit during periods of higher volatility. Gold volatility is turning higher again, and in the context of higher US yields and a stronger US Dollar, it remains a headwind for gold prices in the near-term.
The longer-term view remains unchanged as no significant progress has been made on the weekly timeframe: “a double top remains in place, but a quadruple bottom around 1680 warrants a reconsideration: a massive sideways range between 1680 and 2075 may have formed. A bounce from 1680 sees 1800 as the first area before resistance is found.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Gold Price Forecast: Megaphone advocates XAU/USD volatility above $1,690, US data, Fed in focusGold Price Forecast: Megaphone advocates XAU/USD volatility above $1,690, US data, Fed in focus – by anilpanchal7 Gold XAUUSD RiskAppetite Fed Inflation
続きを読む »
Gold Price Forecast: XAU/USD needs acceptance above $1,730-$1734 to regain tractionGold price turns south after Friday’s rebound. XAU/USD could regain traction on a sustained move above $1,730-$1734, FXStreet’s Dhwani Mehta reports.
続きを読む »
Gold Price Forecast: XAU/USD jostles with $1,730 hurdle ahead of US inflationGold price (XAU/USD) grinds higher around a fortnight top after a two-day uptrend to $1,725 as traders await the all-important US Consumer Price Index
続きを読む »
Gold Price Forecast: XAU/USD bears take on bulls below key daily resistanceThe price of gold was pressured on Tuesday and has fallen by over 1.3% on the day. At the time of writing, the yellow metal is testing the $1,700 leve
続きを読む »
Gold Price Forecast: XAU/USD sees a downside towards $1,700 on lower consensus for US InflationGold Price Forecast: XAU/USD sees a downside towards $1,700 on lower consensus for US Inflation – by Sagar_Dua24 Gold XAUUSD DollarIndex Fed Inflation
続きを読む »
Gold Price Forecast: XAU/USD to rebound on soft US inflation reportLast week, gold failed to make a convincing move in either direction. August inflation data from the US next week could have a significant impact on g
続きを読む »