price of gold fundamental weekly forecast – Rising Yields Firmer Demand for Risk
 |
| price of gold fundamental weekly forecast – Rising Yields Firmer Demand for Risk |
price of gold fundamental weekly forecast – Rising Yields Firmer Demand for Risk
price of gold fundamental weekly forecast futures are trading lower on Friday, pressured by a firmer U.S. Dollar, rising interest rates and increased demand for risky assets. The market remains rangebound, which suggests investor indecision and impending volatility
Volume is extremely light before the beginning of season therefore the market might not move much today. Traders, however, will get the chance to react to a slew of U.S. economic reports later today
At 11:16 GMT, February Comex gold is trading $1481.40, down $3.00 or -0.20%
price of gold fundamental weekly forecast The U.S. Dollar is getting most of its support from rising Treasury yields and a weaker Euro. The greenback is additionally posting gains against the japanese Yen, which suggests this might be a “risk-on” day. A stronger U.S. Dollar tends to scale back foreign demand for dollar-denominated gold
Rising Yields Capping Gold Prices
Rising Treasury yields also are weighing on gold prices. U.S. government debt prices were lower Friday morning, as investors awaited a fresh batch of economic data that would help determine the direction of rates and gold prices today
price of gold fundamental weekly forecast Early Friday, the benchmark 10-year Treasury note yield, which move inversely to cost, was higher at around 1.9452%, while the yield on the 30-year Treasury bond was also higher at around 2.3757%
Sentiment received a lift when Treasury Secretary Steven Mnuchin said Thursday that he had little question trade negotiators representing the U.S. and China would sign their so-called “phase one” trade deal in early January
US Stock Futures Point to Slightly Higher Open
price of gold fundamental weekly forecast Increased demand for risky assets is additionally pressuring gold prices on Friday. Investors are shrugging off the impeachment of President Donald Trump, but celebrating the passing of a replacement North American trade deal
U.S. Economic Reports
price of gold fundamental weekly forecast Later today, gold investors will get the chance to react to a slew of economic reports including Final GDP, Core PCE price level, Personal Spending, income and Revised University of Michigan Consumer Sentiment
Volume is extremely light before the beginning of season therefore the market might not move much today. Traders, however, will get the chance to react to a slew of U.S. economic reports later today
At 11:16 GMT, February Comex gold is trading $1481.40, down $3.00 or -0.20%
price of gold fundamental weekly forecast The U.S. Dollar is getting most of its support from rising Treasury yields and a weaker Euro. The greenback is additionally posting gains against the japanese Yen, which suggests this might be a “risk-on” day. A stronger U.S. Dollar tends to scale back foreign demand for dollar-denominated gold
Rising Yields Capping Gold Prices
Rising Treasury yields also are weighing on gold prices. U.S. government debt prices were lower Friday morning, as investors awaited a fresh batch of economic data that would help determine the direction of rates and gold prices today
price of gold fundamental weekly forecast Early Friday, the benchmark 10-year Treasury note yield, which move inversely to cost, was higher at around 1.9452%, while the yield on the 30-year Treasury bond was also higher at around 2.3757%
Sentiment received a lift when Treasury Secretary Steven Mnuchin said Thursday that he had little question trade negotiators representing the U.S. and China would sign their so-called “phase one” trade deal in early January
US Stock Futures Point to Slightly Higher Open
price of gold fundamental weekly forecast Increased demand for risky assets is additionally pressuring gold prices on Friday. Investors are shrugging off the impeachment of President Donald Trump, but celebrating the passing of a replacement North American trade deal
U.S. Economic Reports
price of gold fundamental weekly forecast Later today, gold investors will get the chance to react to a slew of economic reports including Final GDP, Core PCE price level, Personal Spending, income and Revised University of Michigan Consumer Sentiment
No comments