Gold Price Forecast: XAU/USD marches firmly towards $1660 on falling US bond yields – by christianborjon Gold XAUUSD Metals Commodities Bonds
Gold price rises as US Treasury bond yields fall due to market players’ expectations of the Fed slowing the pace of tightening.
Gold Price Forecast: Buyers need to clear $1668, to test the 50-DMA; failure will pave the way towards $1617.advances early in the New York session, up by 0.33% courtesy of falling US Treasury yields, while bonds climb amidst the ongoing narrative in the markets that the US Federal Reserve might slow the pace of its rate hikes. All that said, the US Dollar weakened, a tailwind for the yellow metal. Therefore, XAU/USD is trading at $1655 a troy ounce at the time of writing.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York Road Runners announces celebrity lineup for TCS New York City MarathonNew York Road Runners announced its celebrity lineup for this year's 2022 TCS New York City Marathon.
Read more »
New season, new director, new sounds from Orpheus Chamber SingersReview of the season opening concert by the Orpheus Chamber Singers.
Read more »
Biden targets Nicaragua's gold in new move against OrtegaThe Biden administration is ratcheting up pressure on President Daniel Ortega’s authoritarian rule in Nicaragua, banning Americans from doing business in the nation’s gold industry, threatening trade restrictions and stripping the U.S. visas of some 500 government insiders
Read more »
NY law allowing early counting of absentee ballots in limbo - New York Amsterdam NewsALBANY, N.Y. (AP) — New York’s plan to start counting absentee ballots early hit a roadblock Friday when a state judge ruled the law unconstitutional.
Read more »
Early Addition: The New York Sheep and Wool Festival looks cozyThe New York Sheep and Wool Festival looks pretty cozy, so here are your morning links: Jury selection begins for the Trump Organization tax fraud trial, Ted Cruz went to the Bronx for the Yankees-Astros game, a possible hotel on Governor Island and more.
Read more »