Gold has continued its upward momentum as yesterday’s daily close confirmed the formation of a morning star candlestick pattern – a common bullish reversal pattern. Get your market update from RichardSnowFX here:
has been surging, driven by aggressive rate hike expectations, rising treasury yields and its safe-haven appeal during the Ukraine invasion.During the period of excess accommodation and near zero, gold thrived as the non-interest bearing commodity capitalized on low interest rates and economic fears surrounding the pandemic, and more recently, the war in Ukraine. With interest rates now at 0.
75% - 1%, the opportunity cost of holding gold wanes and this becomes particularly apparent when we consider Powell’s comments that multiple 50 bps hikes in the up coming meetings seems appropriate and the committee will do whatever is appropriate to bringGold has continued its upward momentum as yesterday’s daily close confirmed the formation of acandlestick pattern – a common bullish reversal pattern. Prices are higher this morning, raising the question of how high gold could go.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gold Price Forecast: XAU/USD Falls to Fresh Lows Ahead of FOMCGold prices fall to new two-month-low, as US rates continue to rally & the greenback hits new highs—both bearish factors for gold. Given the Fed’s expected plans to tackle raging inflation, gold may see more trouble ahead.
Baca lebih lajut »
Gold Price Forecast: XAUUSD to remain resilient this year, 2022 forecast is $1,910 – CitibankEconomists at Citibank expect gold prices to soften mildly from March's all-time highs. They forecast XAUUSD at $1,910 this year. Macro and micro fact
Baca lebih lajut »
Gold Price Forecast: XAU/USD extends recovery toward $1880Gold printed a fresh daily high during the American session at $1878.20 on Tuesday boosted by a recovery in Treasuries and a weaker US dollar. The met
Baca lebih lajut »
Gold Price Forecast: XAU/USD soars as Fed Powell puts the breaks on 75bps hike sentimentGold Price Forecast: XAU/USD soars as Fed Powell puts the breaks on 75bps hike sentiment By ross_burland Fed Gold DollarIndex CentralBanks YieldCurve
Baca lebih lajut »
Gold Price Forecast: XAUUSD refreshes weekly high, bulls await sustained move beyond $1,900Gold Price Forecast: XAUUSD refreshes weekly high, bulls await sustained move beyond $1,900 By HareshMenghani Gold Commodities Fed Bonds XAUUSD
Baca lebih lajut »
Gold Price Forecast: XAU/USD retreats from weekly highs, back below $1890 on risk aversionGold Price Forecast: XAU/USD retreats from weekly highs, back below $1890 on risk aversion By christianborjon Gold XAUUSD Commodities Metals Technical Analysis
Baca lebih lajut »