Gold price remains confined in a familiar range, just above $1,700 mark – by hareshmenghani Gold Commodities CentralBanks Inflation XAUUSD
Moreover, the minutes from the Reserve Bank of Australia policy meeting released earlier this Tuesday indicated that further increases in interest rate will be needed to return inflation to the target over time. This comes a day after
Gold price, so far, has struggled to register any meaningful recovery from a nearly one-year low touched last week, suggesting that the near-term risks remain skewed to the downside. Hence, any attempted recovery beyond the $1,725-$1,726 immediate resistance might still be seen as a selling opportunity. This, in turn, should cap the XAUUSD near the $1,734-$1,735 horizontal resistance.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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.
Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5KIs Bitcoin already recovering? Even though there is some optimism in the market, analysts argue it won't be a sustained relief as long as it keeps its price under its 200-week moving average.
Read more »
Federal judge orders Google to pay nearly $1 million in legal fees for misconductA federal judge ordered Google to pay a nearly $1 million penalty for misconduct in a privacy lawsuit in California, rebuking the tech giant’s actions in a yearslong case that has not yet gone to trial.
Read more »
Crypto recaptures $1 trillion market cap: BTC hits $22K, ETH 'giga mooning'Cause for celebration or just more consolidation in a range? At one trillion dollars, the crypto market reclaims a psychological barrier.
Read more »
WSJ News Exclusive | Chinese Regulator to Fine Didi More Than $1 Billion Over Data-Security BreachesOnce the penalty is announced, the Chinese government plans to ease an earlier restriction banning Didi from adding new users to its platform, and allow the company’s mobile apps to be restored to domestic app stores.
Read more »
China's holdings of U.S. Treasurys fall below $1 trillion, report showsThe amount of U.S. Treasury securities held by China fell by $1 trillion, according to data released late on Monday.
Read more »
$1.2M in fentanyl seized by Border Patrol in Otay MesaSan Diego Border Patrol agents say they have taken over $1 million worth of drugs off the streets in a bust at the Otay Mesa Port of Entry early last week.
Read more »