The USD recovery caused gold to fall slightly as US government bond yields and the USD recovered, but it is expected to maintain its upward momentum thanks to the current dovish stance of the market.
During the December 28 session, world gold prices dropped to around $2,065 from $2,088 at the beginning of today's Asian session when US government bond yields and the USD recovered slightly. However, the current upward momentum of precious metals is expected to remain intact as investors expect the Fed to reduce interest rates and inflation is on a steady decline.
Going forward, the December jobs report and manufacturing PMI data will be the focus of the market, though these indicators are unlikely to change Gold's current upward momentum as traders prepare Entering the New Year holiday. Currently, gold is increasing slightly to $2,070.
During the December 28 session, world gold prices dropped to around $2,065 from $2,088 at the beginning of today's Asian session when US government bond yields and the USD recovered slightly. However, the current upward momentum of precious metals is expected to remain intact as investors expect the Fed to reduce interest rates and inflation is on a steady decline.
Going forward, the December jobs report and manufacturing PMI data will be the focus of the market, though these indicators are unlikely to change Gold's current upward momentum as traders prepare Entering the New Year holiday. Currently, gold is increasing slightly to $2,070.
Note
SELL XAU 2075TP1: 2065
TP2: 2055
SL: 2087
Note
HIT TP 1 + 100 PIPSNote
running + 130 pips
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.