Gold Price Forecast: XAU/USD stays easy near $1,900 with eyes on Ukraine By anilpanchal7 Gold Ukraine YieldCurve Commodities Fed
While the Russia-Ukraine story underpins the metal’s safe-haven demand, the recent rebound of the US dollar seems to have tested the XAU/USD bulls of late. rise 0.13% intraday to 96.84 at the latest. In doing so, the greenback gauge benefits from the US Treasury yields, up two basis points to 1.856%. Also favoring the greenback bulls is the anxiety over the next move of Russia as it has already bombarded civilian buildings while the peace talks are still not off the table.
will be more important. Also crucial will be the US ISM Manufacturing PMI for February and US President Joe Biden’s State Of The Union speech.Having started the week on a positive note, gold prices remain sluggish around June 2021 peak.accompanies higher bottoms of the RSI line. Also on the positive side is the receding bearish bias of the MACD line.
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